TSLA path is clear for me nowI have had the red and the blue line on my chart for over a year now. Ever since the first move down in 2022, I was expecting another similar move down to the base of the rally.
Why?
Because this is what all stocks do after a hype phase. Tesla is not going anywhere, but after an impulsive move up, it will probably do a long correction back down.
The play: Long until 335 (1 : 1 of the 2023 move up), short down to approx. 28$ (1 : 1 of the 2022 move down). Looks impossible now, but let's check back in 1-2 years.