Elon's dog and pony show did not impress the market but for car buffs it will start to gain traction and result in incremental sales. I think the company will receive a substantial upticks of orders as the result of the new model as this new product sinks in.
Now for the charts, TSLA was not able to break above the strong resistance and the hype hurt the stock. Now it is sitting at the bottom of the downward trend line. It still has not broken the last two years uptrend. The chart is self explanatory, a long position favors the short at this point.
Linear regression may be used as a guide along with the Elliot wave predictors.
Now for the charts, TSLA was not able to break above the strong resistance and the hype hurt the stock. Now it is sitting at the bottom of the downward trend line. It still has not broken the last two years uptrend. The chart is self explanatory, a long position favors the short at this point.
Linear regression may be used as a guide along with the Elliot wave predictors.
