Hello Traders,
As you probably noticed, there could be recession coming. TESLA is very promising company for the LONG term, right now it may fall another 40-50% from current price.
Take this just as Idea where to consider Longterm entry point or where to start with DCA and buying into company.
Last quarters TESLA showed promising growth and profitability which could be scaled up. Elon Musk was probably one of first big boys to admit there is a possibility of a coming crisis.
My expectation, He also did some steps to protect company from total failure, at the price of firing a small part of the employees.
From TA perspective, its forming sideways triangle. Which is most likely continuation pattern: Downwards. ;)
Do you own research and be prepared to take action if the price hit your specific zone.
Take care and trade safe.
As you probably noticed, there could be recession coming. TESLA is very promising company for the LONG term, right now it may fall another 40-50% from current price.
Take this just as Idea where to consider Longterm entry point or where to start with DCA and buying into company.
Last quarters TESLA showed promising growth and profitability which could be scaled up. Elon Musk was probably one of first big boys to admit there is a possibility of a coming crisis.
My expectation, He also did some steps to protect company from total failure, at the price of firing a small part of the employees.
From TA perspective, its forming sideways triangle. Which is most likely continuation pattern: Downwards. ;)
Do you own research and be prepared to take action if the price hit your specific zone.
Take care and trade safe.
Order cancelled:
Triangle turned to end in opposite direction. Hopefully there will be next chance to buy Tesla. (Maybe after stock split). ;)