A classic descending triangle pattern confirmed by decreasing volume.
Lack of buyers pushing price down.
Wait for confirmation of the trending line or support before you go long or short.
From a long term perspective the stock is overvalued.
The stock hasn't realized the potential of ecommerce business & the potential that the platform has in creating an ecosystem for the digital world.
Tesla is what Facebook should be but the hype in the streets always churns out the dirt creating an illusion of value.
The real value/(money) is always silent,...
