I love TSLA long term but....... we still have a brutal C wave to go through for a lot of stocks and TSLA is one of them. I don't think this will happen in the span of this year, but by next year sometime this will present a buying opportunity you won't see ever again....
TSLA has hit the target for a turn in the market since we hit the Fibonacci level of 0.618. We have since then see a pretty good fall in the stock. I expect this to keep happening and this is the new channel now. No more green and gains, we have red and blood coming. Do not let some green days trick you when you see this stock up like 6% in a day.... Remember when this happens that more than likely it just lost 9-10% the other day!
TSLA has hit the target for a turn in the market since we hit the Fibonacci level of 0.618. We have since then see a pretty good fall in the stock. I expect this to keep happening and this is the new channel now. No more green and gains, we have red and blood coming. Do not let some green days trick you when you see this stock up like 6% in a day.... Remember when this happens that more than likely it just lost 9-10% the other day!