I'm still waiting for an entry sub-200 dollars, but since it might not happen, and there are other opportunities elsewhere, I definitely don't want to miss out accumulating in the low $200 range.
I mostly agree. I'm watching for more downside.. Here's my perspective: 1) very short term drop 2) A surprise POP up to 255-260 (I'm looking at a xabcd harmonic pattern) 3) possible correction as the market corrects (although tsla has a history of moving against the current). 4) longer term it's very bullish. I don't do much trading based on fundamentals but Tesla has a fundamentally HUGE gain coming. My technical eye sees a 480-520 move coming over the next 14-16 months (early 2021)
ChrisCryptoBear
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@gghsusa, In response to your larger time frame projection of around $500 by early 2021, I don't see why not, or eventually in 2022. It's a good time to build a position. 230 is a good rebuy for me, especially with that daily gap above. I believe the day is soon where we see many more electric vehicles on the road. When TSLA reclaims the higher range, people will wish they bought down here in the low 200's. Cheers gg