mindfree

Tesla Break Point & Dream entry $TSLA bottom

BATS:TSLA   Tesla
Always step back, take a look at the big picture. Here, you can see we have this crazy four-year-old solid-resistant base trendline that really only proved itself in 2022 when Tesla dropped all the way down to what seemed like it was going to be a bottom. Many of us got in for the first time at $100, just thinking like, 'come on, there’s not that far down you can go.' That seen resistance trendline has now grown, so the base is around $133, up into $150 over the next few months. So, it’s like a $20 baseline and it could be a heavy pull because you can see it really wants to go down there again, and if it does, you can see, like it did back in 2020, then that’s kind of its restart, re-emergence, and that area would be towards the end of August 2024. We would start seeing what next year would look like, so that would be also a perfect moment in time for it to launch back off. So, there’s a lot of manipulation going on in the market right now because it’s such a strong point of relief. Short sellers are in there, long buyers like me are waiting. I hope it goes down here. I’m excited to buy more. I bought when it went down to $100. I sold when it got—I sold too early, but I sold when it got to around $270, and then it peaked out at $300, came back down, so I think our next rally it’s gonna definitely pop above $300 and probably retest that $420 top before it bounces again downward. I didn’t put that in here on this chart, but maybe I will now that I’m thinking about it, looking at something like 2026 anywhere between 2025 and 2026 for a return to that $416-$420 area and then probably in the drop and hopefully a breakthrough. Then we’ll see what the technology holds.

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