Big week for $TSLA ahead, it has lost over 25% in only a number of weeks and Elon is once again under severe pressure.
How many times have we seen this happen?
At the end of the day, earnings will trump everything and if its a beat with not much damage done to their margins then $TSLA should bounce and recover.
Their earnings at the end of October was a miss but after a short blip down, the price rallied from $195 to $260.
For now, the price action managed to hold above the 0.78 Fib at $209 to finish the week but I expect some volatility this week.
An abysmal report and this could sink hard....$152 must be considered a possibility then.
makis
2024-01-25 15:21:27 +0000 UTCBaktash Azizi
2024-01-24 23:52:45 +0000 UTCRandumbInvestor
2024-01-21 23:17:15 +0000 UTC