TSLA long idea.

Tesla took a pounding today with the earnings loss which is a good thing if you are looking to buy because the stock is becoming cheaper.

I don't normally use Fib projections but 1.618 nicely aligns with the rally base rally demand zone (@ $282) which I project the price will bounce off of. If this fails then we have a drop base rally demand at $254 which could produce a bounce.
Supply and Demand is everything in this business.
I thought 1.618 lines up with $271.85 and not $282.
@Will Wong, Ballpark area, there could be stop hunts under the 282$ level to close the lower gap as well. Just my thoughts.
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