Cash Flow Machine | Mark Yegge | Wealth Architect on $TSLA (Nov 6, 2026)
Tesla failed a third time to overcome its 498 all-time high and the correction continues, with two gap downs on volume at 110% of average and today's bounce lacking firmness on volume only 6% to 8% above average. Having broken 345, 297 is next up for discussion, and the stock looks like it wants to go lower; be careful investing in Tesla.
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Let's look at something that I think many of you have. Unfortunately, Tesla. We have to look at Tesla. Tesla is unable to return to its all-time high of 498. Then it rose a second time, and this is the third time, it cannot overcome its own obstacles and the correction continues.
See gap down and another gap down on huge volume yesterday. This is 110% of its average daily volume. Yes, it turned around today and bounced nicely, but if you look at the volume, it's only 6% or 8% above its average.
So there is no firmness there. This has broken that 345 area , and now the number 297 is up for discussion. And if you compare this volume candle to that volume candle, looking at the chart, I think the stock wants to go lower. So be careful if you are investing in Tesla.
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Cash Flow Machine | Mark Yegge | Wealth Architect has 6 calls on this stock; only the adjacent ones are shown.