Just when we thought TSLA was headed for a rebound, we were caught in a series of news that wasn't too hot for our favorite automaker: Everything from brake light recalls to billion dollar compensations rejected. In this Idea, I will detail my thoughts of the week, news that affected the stock, and my analysis for next week.
1/29 LAST WEEK:
The graph shows...
A huge surprise with a massive recovery today, ending the day with a cup-handle formation, and there is plenty of upside left for TSLA. We may even potentially close up the gap to $208; but I believe it is dependent on a few factors. Here are my thoughts on price action for TSLA this week:
Possibility #1: Run up to 0.5 Fib level $195.41 Tuesday. (Orange arrow)
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Hello ladies and gentlemen, according to my chart analysis of TESLA, there is a high probability of a decline towards the 150 $ level in the next days !
