Tesla(TSLA) going into corrective period
Hello all, Tesla is a stock that has been shooting up all throughout the year. Especially since its announced the new and up and coming model 3 that is will be out very soon. Charts do not lie and as you can see there is a basic elliot wave 1,2,3,4,5 wave pattern that occurred and we all know what happens after that.. the corrective A,B,C. which has already begun and I expect that it will continue for some time. It could last a couple of weeks until the Model 3 comes out which will send the stock sky rocketing because as technicians we know that markets move with the phycology of the mass and everyone and there mother are invested/going to want to invest in this company when the model 3 comes out. Supply and demand!! I will update this analysis come the next few weeks and lets see what happens. Should be a GREAT investment after the model 3 comes out, and could possibly break 400 after this?? thoughts?
Cheers!
Cheers!
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.