Tesla Headed Toward 130 Or Lower (100) (2 Mins. Read)

1 août 2024

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.

7 août 2024

Note

"➖ Support targets follow: 200, 180, 165, 145."

First two targets hit: 200 and 180.

Next set of targets: 165 & 145.

The remaining targets are the "lower low territory."
We wait and see how it all develops.

Thanks again for your continued support.