I am a big advocate for Tesla shares but I don't think the world crash will hold even this car giant.
So, technically it's in a Symmetrical Triangle and it's currently in a range. It will continue to go down to the bottom of the range at around $160.
But if the price breaks below that, we can see $100 for the Auto Giant - which I hope we don't see.
Let's see...
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,...