Tesla
Long

Long Tesla (TSLA) off a Fib Retracement

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TSLA is making higher highs and higher lows on the medium-term timeframe. Jan to May, May to October. When would be a potentially good time to buy if the trend continues? Drawing a Fibonacci Retracement indicator from January’s low through February’s high and onto April’s low one can see the retracement dips just under the 0.5 level, by %5. The stock is currently on a short-term downward trend so when it is likely to revert, if the 2023 trend is to continue? The answer is at the $214.50 range.

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