Tslalong
TSLA Target price: 562USD.TSLA Target price: 562USD. As the New Year approaches, I will share a few things about myself. I have been working on wave theory for 30 years as an engineer. I have been researching the nature of stock market waves for 15 years. Many wave phenomena have been identified. TSLA stock is currently uptrending with an increased ATR. It is doubled in terms of its wave sequence and can be expected in the longer term. For the longer term, investors should look for long positions. The target price can be $ 562. Those who have followed everyone so far wish HAPPY AND SUCCESSFUL NEW YEAR.
TSLA (SHORT TERM, BULL) - A 'musk' watchLevels mentioned on the chart.
Summary:
TESLA has been in a downtrend for quite some time now.
The medium term trend still remains down but the recent up moves and bounce back from .61 retracement level accompanied with good volumes suggest an upmove.
Strong medium term resistance zone between 244-246, hence targets are kept below the zone.
By Animesh Vashisht, CFTe
(This is only my opinion, not financial advice)
TSLA before 66% growth... The exchange rate creates a fractal movement. Currently, the figure shows that its size is 1: 1 fractal structure. Therefore, a 15-25 USD drop in the exchange rate could still be included. However, it can also be seen that trading this fractal could have an upside potential of almost 66%.
Well, there's no uptrend without any pullbacks right $TSLAPrice got denied heavily from going further for now from around 260 USD and it seems like a logical point for a pullback as well. Hard to believe that we would drop from here but it will be a struggle for sure more near we get to sub 290 USD. Wouldn't be such a surprise to see same kind of nukes next time also.
TSLA might reverse soon from its long-term downtrendPre-markets indicate a positive open for TSLA stock, which might signal further upside potential at these levels, being close to cross its 100 day SMA and critical resistance at the 247.78 price level. CCI is currently strong at the 159 level, accompanied with a positive CMF. We will be waiting for strong Volume to confirm price action, before initiating a long position.