09/06/2020 TSLA, let the bubble burst
Updated
TSLA enjoyed run fueled by Robbinhooders and Vision fund, but the glory days will be doomed.
I believe the gap between fundamental and the price will be reduced this time, by around 50% decline at the current price level.
If RS 1 acts as resistance on Tuesday market open, we may be able to take it as a confirmation to the downside.
Possible price target
Conservative TP 1 - 38% of the fib price level
Aggressive TP 2 - 61% of the fib price level
I believe the gap between fundamental and the price will be reduced this time, by around 50% decline at the current price level.
If RS 1 acts as resistance on Tuesday market open, we may be able to take it as a confirmation to the downside.
Possible price target
Conservative TP 1 - 38% of the fib price level
Aggressive TP 2 - 61% of the fib price level
Trade active
Trade closed: target reached
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