The stock has completed a short-term head and shoulders pattern. The price is consolidating on a demand zone and preparing for the next move. If the price continues lower, it's going to retest the support area. If the price changes direction, the minimum target is around 387.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
@TechnicalPatterns , thanks for the analysis. TSLA at 302 now, is this is a good entry point? Do you think it will go lower?
UnknownUnicorn1249598
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Hi @Amit26, the stock is cheaper now but there's also high risk, i reccomend you to wait for some strong bullish signals before you open the position. You're welcome!