$TSLA TOP 20
Added 2023-10-01 21:59:00 +0000 UTC$TSLA like $GOOG are the two Mega Caps that still concern me that they could come down lower still and complete their pull back.....and I have just noticed that I had set Wave C of Wave 2 right before the earnings release around the 18th of October.
I do not look at dates when I set counts, so this is purely coincidental and we all know that there is nothing coincidental on charts.
The good news is that I still think this is part of an impulse wave and the pull back is just Wave 2 completing.
Margins will be the big concern with their earnings and they have been decreasing all year.....we can see what happened in July at their last earnings release, the price fell hard from $299 to $212 on lower margins.
Long term, $TSLA have so many more products and vehicles to be released and this should help them continue their growth and move the share price up for Wave 3 next.
