$TSLA TOP 20
Added 2024-01-15 20:52:12 +0000 UTCThis pull back since $265 has been relentless and has heavily influenced the EV sector, dragging down all EV's in the sector and even BYD, which has now overtaken $TSLA as the leading manufacturer of EV's in the world is not looking bullish either.
That being said, an inverse head and shoulders pattern has been formed and a test of the 0.78 Fib at $209 could be the support level to complete the right shoulder.
Failure to hold here is not good news for the sector and there will be enormous weakness shown here and bulls must be prepared to see this move down a lot lower......we can not rule out $152 tested either.
Which I believe would be an excellent opportunity to buy.
I have never bought $TSLA before but I would never rule it out at the right price.
Comments
Gar, do u expect TSLA to have a ABC wave down after the 5 waves up to $265?
rajiv vijendran
2024-01-16 02:42:56 +0000 UTC
