1633 target was reached on Monday June 13, 2020 when TSLA hit an all time high of about 1795.
By the next morning on July 14th, 2020, TSLA traded down to about $1431. For a decline of about 20% since the peak (Yesterday).
It appears as though TSLA has completed a "Blow-Off-Top," and the anticipated change of direction in trend is most likely underway. A 60% drop in price would take TSLA to around $720, and we view this has highly probable, which could take weeks to achieve.
By the next morning on July 14th, 2020, TSLA traded down to about $1431. For a decline of about 20% since the peak (Yesterday).
It appears as though TSLA has completed a "Blow-Off-Top," and the anticipated change of direction in trend is most likely underway. A 60% drop in price would take TSLA to around $720, and we view this has highly probable, which could take weeks to achieve.
Comment:
Everything seems on track, and Tesla is continuing its downward trend.