$TSLA TOP 20
Added 2023-09-11 02:34:39 +0000 UTCI do not believe the pain is over for $TSLA in the short term and I believe this will go lower to the 200 Day MA again at $200.
But I am open to the idea that this could be part of an impulse wave.
Since the bounce from the blue line, it looks remarkably like a Wave B bounce, so this would make this structure since $300 an ABC correction, so if we get 5 waves down from here then we could have Wave C completing and this will start its move higher again.
$TSLA's structure is certainly not a clean as the other Mega Caps and there is still risk here but $TSLA has diehard followers who step in and buy, $TSLA also have a lot of products in the pipeline to continue to dominate the market.
They also have Elon.
So let's wait for the pull back to continue and take advantage at $200.
Comments
Nice writeup. I've thought for some time that Tesla's most valuable assets were their IP.
Marc H
2023-09-11 17:02:27 +0000 UTCHas a nice breakdown of the upgrade and some great pieces on valuation https://www.fallacyalarm.com/p/tsla-big-upgrade-from-morgan-stanley
TommyJR
2023-09-11 09:54:41 +0000 UTCI bought this one Friday, 100 shares and have been feeling uneasy on it, appreciate your post, I sold tonight at $29 tiny profit and just got out.
Trader_MattPro
2023-09-11 03:40:23 +0000 UTCAgreed
Marc H
2023-09-11 02:56:25 +0000 UTCI didn't see that but long term for sure it makes sense.
Gareth Neary
2023-09-11 02:46:41 +0000 UTCDid you see the upgrade by MS? https://twitter.com/SawyerMerritt/status/1701020854220648922?t=b5a4zUShMTN2HaAfTm9iig&s=19
Marc H
2023-09-11 02:44:23 +0000 UTC
