Interesting that I lined up the first deep correction off the run up in 2013 with the in 2010.
And they are right on top of each other here with EXCEPTIONALLY SIMILAR accumulation patterns.
I don't often publish "Mirror" patterns or "Mimick" patterns but I found this to be very interesting and wanted to share it with you.
I included the link below for the "What happens after a new Fed Chairman is elected?" which is also very interesting.
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If you aren't familiar with my work, review my charts and Ivan Labrie's charts to get an idea of how to define targets, entries and stops.
12:05PM EST June 13, 2016
I view the valuation of $30 billion is "about right" until more meaningful progress is made. Tesla sales are up dramatically and valuation keeps dropping and short-sellers are licking their chops, hoping for TSLA to stumble or announce a bigger capital raise to fund more cap spending to drive higher production rates. It's a vicious world out there and the still nascent trend of electric vehicles needs protection to some degree to continue the market penetration. The "internet" wasn't taxed for well over a decade to help it along and encourage investors to make commitments to long term projects with VERY uncertain outcomes. The price of solar panels keeps falling and the subsidies there are in jeopardy with collapsed Gov't spending capabilities. So, there are many factors driving Tesla at this point and it's going to take awhile longer for it to materialize. I have the sense that batteries will become the big trend in the future and Tesla is well positioned to capitalize on that trend with the Gigafactory and its ability to produce low-priced batteries.