Tesla Headed Toward 130 Or Lower (100) (2 Mins. Read)We can easily assume a lower low for Tesla, Inc. That is, a lower low in the coming months vs the low that was hit April 2024.
This assumption is made based on the fact that we have a strong lower high in July 2024 vs July 2023. A year long and a lower high implies a lower low.
This is a simple and short trade-idea.
Unless things get really, really wild, a lower low demands months of bearish action. There is still time to prepare.
➖ Support targets follow: 200, 180, 165, 145.
➖ Lower low territory: 125 and ~100 (which means, near one hundred).
Good luck with your trading.
I hope you find this information useful.
Namaste.