Tesla breakdown - Complete overview and thoughts
Updated
I thought I did another one, just to confirm my previous chart. It looks pretty much the same. I've done some studies of Cathie Wood sentiments/principles and I share my mind with her in general being extremely bullish on Tesla and the future of AI/Technology/Fintech/Energy. I think Tesla will reach 7400 longterm. The only concern I have is that everything becomes a source to liqudity if we're having a market crash (everyhing goes down). Then you don't want to be sitting on hyped /overvalued stocks. That also might be a reason for the latest sell-off.
Note
Btw don't mind the fibs showing. They aren't showing correctly at the chart.
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.