Hi guys,
I am happy to share my first "simple" analysis of Tesla with you today.
The last three big gains in Tesla stock have been in a time period of about 7 months.
If we look at the first run we notice 32 bars in that time period. In the second run the bars doubled by 64.
So if we double the 64 bars now we get 128 bars. Because of the similar patterns that are being formed here
my conclusion is that the stock price will go down to $650 dollars until the next big gain.
Matching this is the timing of the next earnings.
What do you think?
This is just my personal view. I am not a financial advisor.
I am happy to share my first "simple" analysis of Tesla with you today.
The last three big gains in Tesla stock have been in a time period of about 7 months.
If we look at the first run we notice 32 bars in that time period. In the second run the bars doubled by 64.
So if we double the 64 bars now we get 128 bars. Because of the similar patterns that are being formed here
my conclusion is that the stock price will go down to $650 dollars until the next big gain.
Matching this is the timing of the next earnings.
What do you think?
This is just my personal view. I am not a financial advisor.