TSLA target price 846 usd. In my analysis, I stated the fair value of the stock. This is now 700 usd levels. Apparently, market pricing is already above that. To determine the target price, we now apply the rule that we form an axis for our ATR closing value added to the extreme of moving averages. This axis is now our wave axis. (I often explain this analysis strategy in my older comments.) We project a so-called "mirror axis" onto this wave axis. The target price is given by the intersection of the further prediction price increase and the mirror axis. Which will be 846usd. The question arises as to why we have now departed from the fractals. The answer is simple. The exchange rate moves on an exponential wave path. That is why we have used wave axes and non-wave sequences.
@meszaros, do I hold my stock or get out with a loss, will the stock rise?
meszaros
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@Cat1234x, The fair value of Tesla shares rose to $ 937 (in two days). Currently, the exchange rate is correcting. The price is now 736usd. It is trading at almost 200USD lower than it is worth. In a strong trend like this, the 937 usd is back tested.
Cat1234x
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@meszaros, thank you what do you think in terms of this rising and by how quickly. I normally don’t like holding long term but feel this is needed now with my Tesla shares?