TSLA (TESLA) based on fibonacci & elliot wave theory.
We all know what comes up quick can come come just as quick or quicker if you look at March where Tesla fell 900s to 350s given few weeks.
Given Tesla's parabolic growth recent years, we can predict the next turning points for the stock. $1500 is a plausible target and can certainly result in lots of profit taking, causing Tesla to crash to at least $1200 or more. Supports are in green, resistances are in red. If Tesla comes down, expect to see a bounce or ping at the supports.
We all know what comes up quick can come come just as quick or quicker if you look at March where Tesla fell 900s to 350s given few weeks.
Given Tesla's parabolic growth recent years, we can predict the next turning points for the stock. $1500 is a plausible target and can certainly result in lots of profit taking, causing Tesla to crash to at least $1200 or more. Supports are in green, resistances are in red. If Tesla comes down, expect to see a bounce or ping at the supports.