I don't typically chart or invest in regular stocks as crypto is more appealing to me. However, Tesla us showing MAJOR BEAR DIV WITH RSI & stoch rsi has crossed down. The range between the green lines would be my potential buy/bounce zone. I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Below $668 and we could be heading for lower, possibly 618, and to the yearly $580 support, watching these prices for entry
"SpaceX identified a valve motor on the second stage engine behaving not as expected and determined the safest and most expedient path to launch is to utilize the next second stage in line that was already at the Cape and ready for flight."
Tesla and Virgin Galactic morning chart analysis.
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TSLA appears to be in forming of Wave 3 impulse move. Target is 100% or 161.8% Fib extension.
Thumb UP👍 if you like this chart! I took the BITFINEX:BTCUSD candle drop pattern in 2018 and applied it to NASDAQ:TSLA shares. It turned out that exactly the same drop will lead the company's price to its fair valuation in the range of $240-$210. Why this assessment??? The forward P/E is still more than 90!!! Thats incredible in motor vehicles field! And...
I think TSLA was pumped long enough, not much buying power left. @AlbertBergen3
The incoming correction will teach bulls a lesson.
TSLA (TESLA) Elliot wave perspective
Ticker: $TSLA TSLA been skyrocketing to ALL TIME HIGHS!! Great volatility, and excellent for day trading. Friday formed a daily inside bar/harami. It is evident by the tight price range and low volume. If bears break support 473.70, this confirms that daily consolidation is on its way. (I will be planning to short if this level breaks). If bulls hold or...