This morning Tesla's r(0.988) linear regression just touched a new low at 260.1, there are two possible scenarios:
My pick this time is a 1:6 LONG trade expecting the price to go back to the regression channel.
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"We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them. " - Robert Kiyosaki
- Red arrow: Tesla's uptrend is over and investors should probably SHORT targeting 248.00.
- Green arrow: Tesla is currently undervalued and may bounce back to the near resistance level at 286.88 continuing the r(0.988) linear regression.
My pick this time is a 1:6 LONG trade expecting the price to go back to the regression channel.
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"We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them. " - Robert Kiyosaki