... but not this time. We are in sideward mode. And our friend should not help us.
But the overall market today was a jump down. And in this respect Tesla held not so bad. as it managed to recover from today's low and the one year old bottom has not been touched.
That's why I think that Tesla may have the potential of a minor correction upward now.
There is a support zone between the January/February 2024 trading range and the April 2023 bottom now.
If this will hold then the idea of a correction in our sideward market for Tesla is likely.
But the overall market today was a jump down. And in this respect Tesla held not so bad. as it managed to recover from today's low and the one year old bottom has not been touched.
That's why I think that Tesla may have the potential of a minor correction upward now.
There is a support zone between the January/February 2024 trading range and the April 2023 bottom now.
If this will hold then the idea of a correction in our sideward market for Tesla is likely.
Trade closed: target reached:
Fine thing.