Hi, originaly i thought here´s coming a big correction for Tesla which was kinda likely after a 10x run but as tesla is still holding rather up high i looked for other scenarios.
Hisorically Tesla is pumping hard followed by multi year consolidation. So i present yah my consolidation scenario.
First consolidation was a slightly rising channel. Recent low´s hint to a possible falling channel this time.
Arround 1000 usd is my sell target.
Im not recommending to long this as its still very theoretical and a big correction shouldnt be surprising still.
But definitely recommending to sell there if you are already holding.
I personally wouldnt hold tesla the coming years as the upward potential isnt high after a run like we had last year.
Arround 2027 i expect the next leg up.
As always: DYOR and have a nice Day
Hisorically Tesla is pumping hard followed by multi year consolidation. So i present yah my consolidation scenario.
First consolidation was a slightly rising channel. Recent low´s hint to a possible falling channel this time.
Arround 1000 usd is my sell target.
Im not recommending to long this as its still very theoretical and a big correction shouldnt be surprising still.
But definitely recommending to sell there if you are already holding.
I personally wouldnt hold tesla the coming years as the upward potential isnt high after a run like we had last year.
Arround 2027 i expect the next leg up.
As always: DYOR and have a nice Day
Note
This low´s should mark channel bottom according to my Thesis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.