[TSLA SHORT] TSLA's going down!!
Updated
First target is $160. Why? This is where long-term support is at (How do I know? I'm not telling).
Bullish momentum has largely been subdued in the last 2 years. We have just finished the consolidation phase and have began the descent about 2 months ago.
My first target is actually the most 'conservative' target as I think sub $150 is also likely.
There is indeed a possibility that we may climb and test $210 ish, but right now things are pointing south.
Disclaimer: I have no idea about the fundamentals of this company. A friend of mine told me to analyze it so I did.
Bullish momentum has largely been subdued in the last 2 years. We have just finished the consolidation phase and have began the descent about 2 months ago.
My first target is actually the most 'conservative' target as I think sub $150 is also likely.
There is indeed a possibility that we may climb and test $210 ish, but right now things are pointing south.
Disclaimer: I have no idea about the fundamentals of this company. A friend of mine told me to analyze it so I did.
Comment
Don't be afraid of simple charts :)
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