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The_Rational_Investor
Sep 1, 2022 3:12 PM

TSLA Downtrend Intact Short

Tesla, Inc.NASDAQ

Description

So Tesla keeps giving gifts :)

Further fall towards my target zone as indicated.

Atleast that is what I think is going to happen!

Setting up the options play. it is always a good bet!
Comments
Rockqet
thanks for sharing, I also think TSLA may continue drop recently. I set a similar target with you. To add on your idea, I think the current resistance level could be at around 302, where the 78.6% fibonacci retracement is. Please check out my analysis at:
The_Rational_Investor
@desmondlzw, great to see your analysis ... My resistance would be at the 290 mark. 302 being the 78.6 Fib is a good choice, and a safe assumption for trend reversal, but if i was to jump the gun at an earlier stage, i assume 290 is a safe point where my SL would kick in. I also use some customised algorithm i have developed which gives me signals for buy and sells (accuracy at 80%) :) and at the moment I would say that TSLA is following a Wykoff path. But Elon has die hard followers, who would jump in even if it didnt make any sense :)
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