TSLA can make many investor rich once more !
TSLA has more than likely completed it's major correction at 101.8 USD on 6th Jan 2023 similar to many other giant stocks . This scenario matches with my best case scenario for PSX published before which proposed the previous bear market as just correction of the bull run after pandemic low.
TSLA's major correction has been labeled as primary degree wave 2 on the chart which was terminated at 0.74 Retracement of the whole major up going wave from IPO to ATH . Mentioned large upside move has the label of primary degree wave 1 on the chart.
This means that TSLA has started its major up going primary degree wave 3 which at least can push up the stock's price to 770 USD and even much more in long term.
AS shown on the chart , Stock price is reaching to a strong resistance zone at 300-315 which is confluence of two strong static resistances and major down trend line. This strong zone may make an another great buy opportunity to traders and investor if it can push the price back down to 180-217 buy area.
Please note many giant stocks made a new ATH while TSLA is far from the top. This suggests that next upside move of the market belongs to TSLA . If true, current ATH will be like a baby comparing to the future giant one.
Wish you huge profits and Good Luck.
TSLA has more than likely completed it's major correction at 101.8 USD on 6th Jan 2023 similar to many other giant stocks . This scenario matches with my best case scenario for PSX published before which proposed the previous bear market as just correction of the bull run after pandemic low.
TSLA's major correction has been labeled as primary degree wave 2 on the chart which was terminated at 0.74 Retracement of the whole major up going wave from IPO to ATH . Mentioned large upside move has the label of primary degree wave 1 on the chart.
This means that TSLA has started its major up going primary degree wave 3 which at least can push up the stock's price to 770 USD and even much more in long term.
AS shown on the chart , Stock price is reaching to a strong resistance zone at 300-315 which is confluence of two strong static resistances and major down trend line. This strong zone may make an another great buy opportunity to traders and investor if it can push the price back down to 180-217 buy area.
Please note many giant stocks made a new ATH while TSLA is far from the top. This suggests that next upside move of the market belongs to TSLA . If true, current ATH will be like a baby comparing to the future giant one.
Wish you huge profits and Good Luck.
Comment:
Well !. Strong rejection from our proposed resistance after earning. Lets see if it reaches to buy zone and triggers a buy signal there.
Comment:
Please note there is an alternative bearish scenario for TSLA therefore, we do not jump into the buy position blindly.
Comment:
TSLA attacks major down trend line once more.
For this analysis to be true, TSLA must break the major shown resistances, Anyways who enjoys the buy position till now??
For this analysis to be true, TSLA must break the major shown resistances, Anyways who enjoys the buy position till now??
