So the Chief Technical analyst at InvestorPlace is arguing that once TSLA closes the gap from the D unveiling at ~255, it will go down to ~225. Is this just FUD? His reasoning is unclear to me but anyone with more TA knowledge want to agree/disagree?
Trade of the Day - Tesla Motors Inc TSLA Stock | InvestorPlace
In my view it’s all FUD. He’s supposedly their chief technical analyst, but almost all of his argument is based on cherry picked and misunderstood fundamentals that lead him to call the stock “grossly overpriced”. His only technical concern relates to filling the gap. Gaps may often be filled, but the direction afterward is uncertain. Also too much time may have passed for a gap to be a consideration. It’s incredible that he actually advises the public to sell a stock short. Perhaps he or his friends have already done so with TSLA.