Charts Warn Of Main Pullback For Tesla

Tesla stock is hovering near all-time highs, but one top technician says the charts show that the auto giant could be due for a major pullback.
“Worth explained that while the charts point to a possible pullback for Tesla, “breakouts can continue, and I think that’s the risk with shorting this.
Shares of Tesla were trading at $372.29 during midafternoon trading on Monday.
I think you take profits, or if you’ve got a little courage, you go short,” Worth said.
While mega-cap tech stocks pulled back last week, and the Nasdaq 100 has dropped 2 percent from its recent high, Tesla shares rallied more than 1 percent.

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