Public Chart: Let’s Take a Look at the Huge Distribution Top on $TSLA

Whether we like it or not, $TSLA was in a bubble. And whether you think the Green Energy movement has a future or not, the stock is simply way overpriced.

And when we zoom out, the sideways trading range it’s been in for two years (!) doesn’t look good, because a range like that can only mean one of two things:

  1. It’s a long re-accumulation prior to another markup
  2. Or it’s a distribution

But in an inflationary recessionary tightish monetary policy era, just how high do you think it can go? Nah, I think it’s far more likely had its day and will come back down to earth.

And scarily, there is very little volume on the way down:

TSLA

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