Sometimes, you must let a stock go ... ... if it never returns, it was never yours in the first place ... if it returns, it was meant to be
Comments on the chart APPEAR to indicate the next steps; price action may change at any time due to market conditions, Musk tweets, DS actions, etc. Developed the chart when it was recently at 180/sh. Enjoy.
The top-level bearish Head & Shoulders pattern completes around $93. Am expecting price to continue down to major support around the $46 range. Let's see what happens.
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Price trended up to $210 which is also a retrace of 61.8%; if it can't get above that price point, it may extend 1.618% down to the $46 range. Let's see what happens next.
open passed 213 already, at this point it is all about the hype
kerdirks
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@mistogan86, agree; i don't have any skin in this game so let's see how the closes fair through the EOW
danielgwatkin
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Really?
kerdirks
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@danielgwatkin, will be interesting to watch; the trendlines, fibonacci levels and pattern all appear to have high confluence; will have to see how price moves at each pivot point. Will it drop to $46.25, find support and extend back up, etc. The bearish Head & Shoulders pattern will push price to approx. $100 and then time will tell.
danielgwatkin
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@kerdirks, Yes I agree with your 100 price, see my chart posted earlier Dan