Empire striking back on $TSLA today. Up 8% and the tape feels different than the last few red weeks.
Short covering started Friday and the buying program looks like it's running through end of day. Saw a few people on the moomoo community calling for 379 + 34 = 413 as the next level, with a roughly 30 point range either side. Apparently this is more of a monthly thing than a one-day pop.
Big tech in general has been bouncing back too, so this isn't just a TSLA solo move. Momentum looks like it can carry into July 3 if the short squeeze keeps feeding itself.
ngl I trimmed too early last week and now watching this run without me, classic. tbh 413 feels reasonable if shorts keep getting forced out, but a fade back to mid 380s wouldn't shock me either.
Anyone else loaded up before this leg? Or still waiting for a pullback that may not come?