TSLA: Can it get and stay above $221
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TSLA is sitting at very precarious area of price right now. This week should most likely give us the information we need to know
what the next few months will look like, if it can get above about $221 and stay there, the measured move bull flag pattern
should get us to somewhere between ~$294 to ~$313 and that would make sense in the macro formation of a head and shoulders
for TSLA because there are definitely some head winds for the the stock now that other car companies are finally catching up
with the technology and taking market share from TSLA. If the price cannot get above ~$221 and stay there, then we have a
measured move that would put us somewhere between ~$60 and ~$80. There is no way to know what will play out in this market,
although I still lean somewhat bearish due to the overall economic conditions worldwide. It just seems to me that we are still
due for a real "acknowledged" recession at some point. Once we get that I think we will then see the bull market of the
is century but I have a hard time believing we are there yet. I will be keeping my eyes on TSLA specifically, in order to
give me an idea of things going forward. It seems to be a good gauge for market sentiment.
what the next few months will look like, if it can get above about $221 and stay there, the measured move bull flag pattern
should get us to somewhere between ~$294 to ~$313 and that would make sense in the macro formation of a head and shoulders
for TSLA because there are definitely some head winds for the the stock now that other car companies are finally catching up
with the technology and taking market share from TSLA. If the price cannot get above ~$221 and stay there, then we have a
measured move that would put us somewhere between ~$60 and ~$80. There is no way to know what will play out in this market,
although I still lean somewhat bearish due to the overall economic conditions worldwide. It just seems to me that we are still
due for a real "acknowledged" recession at some point. Once we get that I think we will then see the bull market of the
is century but I have a hard time believing we are there yet. I will be keeping my eyes on TSLA specifically, in order to
give me an idea of things going forward. It seems to be a good gauge for market sentiment.
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