Comparing price action to 2019 on the weekly chart, we can see in the green circles that the weekly RSI bottomed before going on to start a massive 300% rally in the months ahead.
That type of move today in that exact same timeframe would cause Tesla to rally to $650 from July 17 ($234) to October 2023 (New ATH). I believe this or a similar pattern is possible for TSLA in 2023
The dates I mentioned on the chart is a timeframe to keep a note on. For that might be around the time we will see TSLA enter phase 1 of its next massive bull cycle
I bring this comparison up to remind everyone reading to remember... Tesla has rallied once before, it will do so again, and again, and again
The best thing you can do if you are a massive believer in Tesla's fundamentals is to continue to DCA into your positions throughout 2023 while the stock is below 400. **NFA**
I am consistently loading up & buying Tesla Stock at these prices because I believe in the long term fundamentals of the company, you don't have to follow my exact decisions as the choice is all yours...
but history is capable of repeating itself
That type of move today in that exact same timeframe would cause Tesla to rally to $650 from July 17 ($234) to October 2023 (New ATH). I believe this or a similar pattern is possible for TSLA in 2023
The dates I mentioned on the chart is a timeframe to keep a note on. For that might be around the time we will see TSLA enter phase 1 of its next massive bull cycle
I bring this comparison up to remind everyone reading to remember... Tesla has rallied once before, it will do so again, and again, and again
The best thing you can do if you are a massive believer in Tesla's fundamentals is to continue to DCA into your positions throughout 2023 while the stock is below 400. **NFA**
I am consistently loading up & buying Tesla Stock at these prices because I believe in the long term fundamentals of the company, you don't have to follow my exact decisions as the choice is all yours...
but history is capable of repeating itself