Beginning from 2023 price action entered an upward channel before a breakout in December. This move in price action created a bear flag pattern. A forecast may now be measured from the last downtrend to the support, which is a 66% correction to just under $90.
Is it possible price action continues up? Sure. Is it probable? No.
Ww
Type: short trade From: $220 ideally Stop-loss: elsewhere
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GRM resistance confirms. This is now an official bear market for this stock.
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If 160 fails to hold, it is straight to 117.
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There be no end of messages asking if the idea is not void. No. Price action is actually at resistance, the same price the idea was publish.
You should watch this.. it is amazing to me how little coverage the number of Teslas ending up in the scrapheap are receiving so little attention.
So, this time we agree:) Indeed, Tesla looks very nasty... With all the market rising, it dropped, we have a gap under 200 zone support. Also, now the gap is filled and the recent rise is a bearish flag There is also support at 150, which is my target, but indeed, if indices start to fall, 100 for Tesla is very probable.
without_worries
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@Mihai_Iacob, This one stock has returned 10x and more since 2020. Regardless of what support and resistance might offer the present day stock market is full of bubbles and as our luck would have it, opportunities.
syin08
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Three Bull Flags, can't you see that? Black is white, female is male, up is down. What a world we're living in!