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meszaros
Jan 19, 2019 11:45 AM

TSLA before a further 19% fall... Short

Tesla, Inc.NASDAQ

Description

Continuing my analysis on December 15, we expect a further decline in exchange rates. The exchange rate builds on a double falling wave system. According to a theoretical rule of the wave, a so-called "sub-wave" movement (yellow rectangle) appeared in the correction range, which is supposed to be associated with the closing of the second wave. In short, the size of the second wave can increase with the size of this sub-wave. This may also increase the purpose of decreasing motion. We expect an additional 19% reduction from the current level. The target price can be 241 usd.
Comments
UnknownUnicorn737135
You will be WRONG on this one...
meszaros
@bzmc, I hope you will be right :) Although I don't see signs of lasting upward movement yet.
meszaros
@bzmc, The movement of Tesla shares was in the same direction as the analysis. So be careful with Tesla.
UnknownUnicorn737135
@meszaros, Thanks for the heads up! Puts and Calls sold looking good now...
UnknownUnicorn737135
@bzmc, What do you think is going to happen at 2pm PST today?
meszaros
@bzmc, I think they can announce the date of the Model Y or Pick up truck.
meszaros
UnknownUnicorn737135
@meszaros, I am ok with this analysis....
meszaros
@bzmc, I look forward to further reductions in Tesla. I'm going to lower the target price to 20usd down to 215usd.
UnknownUnicorn737135
@meszaros, 35k Model 3, I believe, will be a game changer, specially in CHINA orders...
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