mazdaki
Short

TSLA- Are we in the corrective stage of an Elliot wave?

NASDAQ:TSLA   TESLA INC
60 2 0
on the long term weekly chart, it looks like we may be close to the end of the Bull run inTSLA. Is the stock heading back to wave IV position and $175/share or is the current uptrend going to continue until wave I equals wave V with a price target of 330?
We are at the cross-roads, now. Either, TESLA will move sharply up or down. it is a good idea to close the short position and open a starting long position with below the downward trend line ($230). As the stock has multiple oversold signals and the bears are running rampant any positive news will move this stock quickly upward.
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We are the cross roads now. Either, TESLA will sharply move up or down, to move down. good idea to close the short position and open long position with tight stop.
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