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MaxLemon
Feb 7, 2020 9:01 PM

TSLA analysis & prediction: bear flag, $480-$565 next week. Short

Tesla, Inc.NASDAQ

Description

Just a quick idea I thought of. Leave me a comment if you agree or disagree. Thanks!
Comments
Morteza_mb
Hello and have a good time.
very good.
What percentage do you expect this analysis to be?
shenmeguislb
Agree with the trend, but don't agree with the timeline. As chart shows today the stock has several bearish movements, but quickly bought back by Tesla enthusiasts. The fever diminishes but continues. I think the correnction can be reached by the end of Feb.
MaxLemon
@shenmeguislb, good point, thanks for the feedback.
hanze
Agree with the analysis. The real support is around $500-$550, but can also totally go down to $300 level if the Coronavirus gets worse. The market has largely ignored the impact of the virus for now, but it will use it one day to correct hard.
MaxLemon
@hanze, agree that we can see the 300s if things get worse.
beniboy
@MaxLemon, 352 I guess loll... you're good
AdrianZen
You forgot the general trend line. The spike and drops are fine but the stock is going to find support on the trend line.
gvoommen
In due course, I don't see it happening next week.
asaab2015
and it could be first half of C&H , resistance at 930 then boom 1200
bribud
@asaab2015, lmao this is a parabolic blow off top. likely thats the high on TSLA for 2020
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