I'm going to challenge your theory that a pattern you've been tracking has led to small short squeezes and if TSLA doesn't stay above 198, bad things are in store.
First of all, if you look at the technicals, the upper bollinger band is in the vicinity of 198, the 50 dma is not much higher, and the lower bollinger band is not far below our current price. What's at stake is not whether this pattern you've been observing pans out or not, what's at stake is whether TSLA remains above these technically-significant numbers. Lots of traders believe in technicals.
That said, TSLA's numbers are often a work of fiction. Take today's closing price. During the final 30 minutes of trading when volume was way low, some shorts had a selling party and brought TSLA down a bit. When there's volume, TSLA typically trades higher, but in the late afternoons when many traders step away from their computers, the shorties go to work and create an artificially low closing price. The problem with this technique is that it is an illusion. Longs didn't send it there, and longs bid the price up much higher for all but the final hour of the day, but the shorts know how to play this game and sold the price of TSLA down in the last hour of the day so that the numbers will concern technically-based traders who don't realize how rigged the numbers are. With 20,000 shares to sell, a clever short can sometimes send the SP down a full point in the last hour of trading, this on a day with over 3 million shares traded. It's gamesmanship, man.
As for your claim that the stock price was elevated due to small short squeezes, the data at
www.shortanalytics.com suggests otherwise. For most of this week we've seen shorts responsible for only 36-38% of trades, and when you see the rather high drawdowns of shares to short each morning, you realize the vast majority of the short activity is selling, not buying. Short holdings of TSLA have been growing, not decreasing recently.
I also believe you were the person who kept saying that if TSLA fell below 194 a few months ago, it was heading to 160-170. TSLA went quite a bit below 194 but longs wouldn't allow it to settle below 180. They kept buying even when shorts were selling like madmen to push TSLA into the 170s and create a crisis.
I invite you to defend your theory. Provide data to back up your claims. To be honest, I get really tired of these claims that TSLA is going to fall off a cliff if this price isn't held. Recent history (the past two months) argues otherwise.