As Tesla was a bit over-hyped these past few days because of the battery day. Reality seems to have set in quite hard.
The strong sell-off on the 21st of september, at 16:30, was the main indication that battery day wouldn't have a good outcome. The people that bought in to that will probably be forced to close today at a loss, therefore I predict a further downtrend, possibly testing the 320 lows.
In my own opinion a drop to 370 is practically guaranteed to happen this week. Afterwards, if it will cascade into a greater loss, is of course anyone's guess. If it does get below 370, it will be in buy-it territory.
The strong sell-off on the 21st of september, at 16:30, was the main indication that battery day wouldn't have a good outcome. The people that bought in to that will probably be forced to close today at a loss, therefore I predict a further downtrend, possibly testing the 320 lows.
In my own opinion a drop to 370 is practically guaranteed to happen this week. Afterwards, if it will cascade into a greater loss, is of course anyone's guess. If it does get below 370, it will be in buy-it territory.
Comment:
It looks like it will touch the 360 predicted (blue arrow). This doesn't mean it won't go even lower, but I think it is time to start buying it (in small chunks, step by step). I think today you should pay proper attention to the price. My strategy will be to begin buying at 360, 350... until 320. I recommend using no leverage on this one. I know for sure it will go above 500, I just don't know when, it may be this year, it may be in 2 years.
Trade closed: target reached:
Target was reached today, I already bought at 360. I am not expecting it to drop further.
