dzygadlo

TSLA - Retracement bounce idea

Long
NASDAQ:TSLA   Tesla, Inc
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4
I think TSLA will continue its correction until it reaches ~ the Fibonacci .5 and then it should start its rebound. The daily matches the daily which will be at ~.786 level.

It looks like the bottom will be ~ 450 - 480 with an upside price target of ~900 for sometime in the fall.
I'm not a financial advisor and I'm not offering financial advice. Everyone should do their own homework before making any decisions!

Good luck and I'm always interested in what you think.

Comments

i do expect a small relief rally before continuing with elliot wave down
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