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mistera123
Mar 1, 2020 9:30 PM

Tesla Retracement Long

Tesla, Inc.NASDAQ

Description

61.8% retracement at around $470 seems like a good place to consider rebuying TSLA as this would put us back to the pre-Q4 earnings price and pre-parabolic run up. This all depends on the overall market. If TSLA does get to this price and the overall market is healthy, we could see positive earnings in April sending TSLA much higher.

Comment

This should should be considered neutral given the overall conditions of the market.
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