LSE:RR. OTC:RYCEY
Looking at RSI trendline, support trendlines, volume, the stock looks like it is preparing to go somewhere.
The last Impulse wave began in October 2020 and ended in December 2020.
I believe we are about to complete the correction we are in since December 2020, and preparing for another move up in the near term.
As TSLA is currently heading down to it's next key channel, there is a potential for a bounce back up to approx $850 before falling down to $700. It could also skip the bounce to $850 and go right down to $700. Beware of risk as TSLA still has hype and many keen fresh eyes, however, the market selloff may be the reality which cannot be denied in the end.
