Tesla’s Stock Could Follow in Footsteps of a High-Flying Tech Play: Analyst

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By CCN Markets: On CNBC, analyst Eddie Yoon of a think tank called “EddieWouldGrow” overlaid a chart of Netflix from 2011-13 onto Tesla’s chart since January. Gosh, those charts look so similar. Maybe Tesla’s stock will do the same thing as Netflix’s stock and make a huge comeback. Unfortunately, that’s not how it usually works. Cherry-Picking Chart Patterns There are tens of thousands of stock charts going back more than a century. It’s easy to cherry pick any given portion of any given stock chart and then overlay it onto something similar and claim a comparison exists. That’s entirely different from…
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Tesla’s Stock Could Follow in Footsteps of a High-Flying Tech Play: Analyst

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