I’ve had an unbroken string of successful wild guesses about Tesla this year, so I’d like to offer another one: I believe Tesla will not exceed approximately the $975 level before it starts reversing. I’ll give it a little leeway up to $1,000, but honestly, I don’t think it’ll get that far. My view is that we’ve got a mirror image going on right now:
Viewed on a daily chart, you can see how this plays out with that important dividing line:
