$TSLA TOP 20
Added 2024-07-19 16:49:01 +0000 UTC$TSLA has been giving us what we have expected and moving very well back to the 0.38 Fib at $231.
We believed the first test of the wedge breakout was too fast to complete Wave 4 and we did not see a 3 wave pull back either....now we are getting that and the big test is coming up next at $231.
A hold here and $TSLA may look the strongest of all of the Mega Caps right now....which has been an impressive turnaround.
$TSLA can have no issue holding above this level and weather any market storm over the next few months.
Comments
Cap curious to hear your expectations for earnings on Tuesday
Michael Castaldo
2024-07-20 22:10:53 +0000 UTCPutting aside the technicals, there are a lot of unknown and risks for TSLA: i) continued impact of high interest rates and market conditions on demand; ii) potential end to the EV tax credits, iii) demand declining yoy on their main market (California) which could be further exacerbated by Elon's political stance, iv) potential aggressive tariffs policy from the US against China and for which China could penalize companies such as TSLA, v) potential push on oil drilling for next US administration... I will continue waiting on the sideline for this one
niorthey
2024-07-20 21:13:27 +0000 UTC
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