Just read recently ARK are bullish on Tesla and have hoovered up 141million more shares. I would agree long term.
This is the 3 Monthly Chart, as you can see we are currently at the 3 Monthly 21ma. It is also an exact 38.2% Fib Retracement of the rally from $104 to $297.
Measured move from the retracement low (if it holds) is around $375. See yellow line.
This is invalidated if we drop lower, although we may see some spikes lower which may get bought into. Watching closely.
Just want to add one more point - there is a strong sentiment (even at current price levels around $180) to sell.
I would hold a contrarian view now, usually heads up when everyone is so bearish. The reality is that we've had a pullback already.
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Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
I would hold a contrarian view now, usually heads up when everyone is so bearish. The reality is that we've had a pullback already.