Tesla
Long

TSLA

By Babyshark_zzz
Updated
TSLA: TSLA might currently be in either wave IV or wave 2 of wave III. Yet, considering that wave 3 appears somewhat short, I am inclined towards the second scenario. To confirm the next moves, need to see TSLA's behavior in the latter half of August, whether it will be a strong rally or merely a shadow rebound.
Comment
There has been a good rally in TSLA during the second half of August until mid-September, as I expected. TSLA looks strong for now, but I think it might start following the market’s weakness soon. Around $240 would be a good price to consider reloading for the long term
Comment
Added tsla at 240 as planned. As long as 240 holds, I am looking for 300-340-400-450 as upside targets
Comment
Tsla bulls need to break 250 or we will see 220 or lower. The price action is pretty weak on tsla compared to overall market
Technical IndicatorsTrend AnalysisWave Analysis
Babyshark_zzz

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