We can all agree that TSLA has been extremely volatile within the last six months. In the interim, TSLA may correct to Wave D ($609), which is the 23% retrace from the Wave C uptrend. In theory, TSLA could retrace a bit further to $526.76 based on the Fib extension (38*%) from the ATH of $968.99 on 4 Feb. With a average price target of $520 (1), this seems likely, however, investors may opt to push price back to test resistance at $968 (Wave E). My current opinion is that TSLA will soon fall below $600.
Source:
(1) www.nasdaq.com/marke...sla/analyst-research
Source:
(1) www.nasdaq.com/marke...sla/analyst-research