TeslaShort
TESLA LONG TERM VIEW
Id be very cautious on being long on Tesla right now. Theres better stocks out there right now to be long on.
Tesla has a large zig zag behind it, which has a high likelyhood of pushing prices a lot lower.
If we start failing now, and cant hold this current zone, and even breaking 150$ is the last straw, this stock is toast and can see a drop to 120-100 dollars.
One possibility that I have labeled here is a bounce up in the coming weeks now to trap long buyers before we get our move down to 120ish.
I would not be long here.
Tesla has a large zig zag behind it, which has a high likelyhood of pushing prices a lot lower.
If we start failing now, and cant hold this current zone, and even breaking 150$ is the last straw, this stock is toast and can see a drop to 120-100 dollars.
One possibility that I have labeled here is a bounce up in the coming weeks now to trap long buyers before we get our move down to 120ish.
I would not be long here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.