ronniesen

$TSLA Earnings Price Drops Decreasing Pattern

NASDAQ:TSLA   Tesla
Since the original price increase on surprize earnings five periods ago, $TSLA has shown regular, but decreasing drops. The time for recovery has decreased as well. Chart indicates % drops and days to recovery (D). Currently, price action suggests 'consolidation' ahead of a breakout to a higher price in the range of 1.618 Fib line of ~$1,200. I know this sounds high, but the action is the action. Your thoughts?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.