According to my assumption and formation analysis,Tesla might go down to 763 but i think it will have support around 800,you can take a look at my Tesla analysis.I will not buy open long position until i see 800.
CAskiing
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Without a major catalyst, no.
Fed interest rate raises are the only known thing on the horizon. That should be enough to temper a big rally, but it’s not enough to bring TSLA down < $700-800/share.
NinjaTradingServices
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@CAskiing, A crash that would cause over a 60% drop in price would HAVE to be a suprise so I agree that the horizon does not show any signs (yet) but the price action is telling me otherwise.
CAskiing
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@NinjaTradingServices, Tesla’s price action has been insane. It’s part megacap and also part fast growth tech and there’s been a lot of news both positive and negative. Maybe it becomes more range bound after earnings? TBD
NinjaTradingServices
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@CAskiing, Good point, only time will tell I guess. Thanks for the feedback :)
thecryptoinvestor
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take out a loan and short tesla :)
VIN786
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People are expecting stock market crash and or major correction. IMO that time came and has already gone by, gone with the wind, we may not see a huge bull market this but the market will stay bullish this year.
NinjaTradingServices
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@VIN786, Thanks for your opinion, stay tuned my friend ;)
Tobiismail05
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I don't think the crash will be up to 60%. That will scare investors. Stocks are definitely going to crash as the FEDs raise interest rates. Big Tech stocks will be affected but not much.
NinjaTradingServices
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@Tobiismail05, Many investors are talking about interest rates on the horizon, they are looking too far ahead and are missing what is happening right in front of their face. The perfect catalyst for a suprise crash.