$Tesla (TSLA.US)$ The current support level is the same as yesterday, with more fanfare 251-252. This location is perfect for long and incoming calls. Following the trend, financial reports and August 8 will still soar. Calls made on dips of 250 will only earn money without compensation.
The recent trend is obvious that shorting institutions have been forced to close some of their positions. Wall Street is very dark. This situation is just as known about the South Korean boss' positions before. It's just a confrontation between institutions, and that is why it will lead to an increase away from fundamentals. (The category of future potential is nonsense; now the price-earnings ratio far exceeds a reasonable valuation). As shorting institutions adjust their positions, more institutions will join shorting while leaving the fundamentals, so there will be a long and short war. Currently, it seems that bullish speculators have an advantage. Because retail investors want to sell higher, they are not shipping, so the pressure to increase is relatively small. However, current purchases are mainly due to shorting, and how long they can last depends on what other duvet cover institutions will leave their positions before.