A terrific clear head and shoulders pattern has been confirmed on Tesla weekly chart. This is all bearish and about to see lower prices very soon. First important support is at $160 and the next support is at $22
@farhadnmd, after 10 years or so of uptrend we would need a strong support to gain that momentum to push to higher levels as the sellers creating the start of a downtrend
most value will be gone imo before the next push up but definitely a good long term stock
but yea that low is my outlook as the tesla "sweet spot" to buy in if i were to long
But as I mentioned in the caption $160 is an important key level and this scenario is possible only IF this key level breaks
Geggs1
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@farhadnmd, something major would have to happen. The way Elon is acting right now might get him in deep water. Releasing Hunter Biden’s cover up might get Musk wiped off the face of the earth. That would be a 50% overnight move in tesla stock if he died.