Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission. Credit: money.cnn.com/2018/0...ettlement/index.html
We expect the price to continue falling with the recent news of Elon Musk stepping down as the chairman of Tesla.
We are expecting price hit minimally around the 208 - 242 region with a potential to fall lower towards 178 and even 141 levels.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
We expect the price to continue falling with the recent news of Elon Musk stepping down as the chairman of Tesla.
We are expecting price hit minimally around the 208 - 242 region with a potential to fall lower towards 178 and even 141 levels.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.