TESLA just set the new target down to $100 - Problems for EVs
Technically we see an M Formation on Tesla.
The price broke below the neckline and the price is both below the 20MA and the 200MA.
The nature of this analysis is HIGH probability.
We, can set the first target to $100 and then next to $80. And if it breaks further we are talking $60....
But let's see.
There is fire in the EV space. With crashes, glitches, malfunctions, issues with snow, unable to track correctly objects on the streets and identifying.
There are also issues with having parts reordered when they breakdown.
And Elon is focussing more of his attention on X and SPace X. So this is not convincing and promising to shareholders to keep holding.
The price broke below the neckline and the price is both below the 20MA and the 200MA.
The nature of this analysis is HIGH probability.
We, can set the first target to $100 and then next to $80. And if it breaks further we are talking $60....
But let's see.
There is fire in the EV space. With crashes, glitches, malfunctions, issues with snow, unable to track correctly objects on the streets and identifying.
There are also issues with having parts reordered when they breakdown.
And Elon is focussing more of his attention on X and SPace X. So this is not convincing and promising to shareholders to keep holding.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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