meszaros
Short

TSLA exchange rate may further decline...

NASDAQ:TSLA   TESLA INC
Despite the decline, trend-like movement does not occur. More precarious price movement. We expect the formation of an ABC wave structure, the resistance of which is an ATR axis, the support level can be an ATR cross axis. The first target price of 0A correction wave is 241 usd. Then we expect a new rising wave structure from this level with a second wave structure of 360 usd. But we do not expect any further increase. From a level to a major decline, up to the 200 usd range. Increasing from around 200 usd levels, you can reach the "Elon Musk Level" at 420 usd.
If we hit the $360 USD price you mentioned between January & March, the convertible bonds will convert to shares and TSLA debt will go away. Your little ABC wave structure will never happen and TSLA will hit $420.00
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@bzmc, There is a possibility of mistake. At the same time TSLA is sideways. In the current position, you have a higher chance of your analysis, which counts with a target price of 420usd. We'll see.
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