At this time Tesla seems to be oversold by all indicators. It is sitting at the bottom of the short term downward trend line (shown in the diagram). I don't think it will reach the Elliot wave target of $213-215. It should reverse and bounce back at least to the upper downward trendline.
rays depicting the upward movement are shown. The past ray patterns should be a guide to the future potential stock movement.
BTW, The buzz is being created for the earning release show. The Model "D" buzz should potentially get this back up and push towards the all time high. If tesla truly comes-out with a $70k-$80K AWD SUV. There will be a significant buyers for the vehicle. especially if it can compete with the more expensive and large SUVs.
rays depicting the upward movement are shown. The past ray patterns should be a guide to the future potential stock movement.
BTW, The buzz is being created for the earning release show. The Model "D" buzz should potentially get this back up and push towards the all time high. If tesla truly comes-out with a $70k-$80K AWD SUV. There will be a significant buyers for the vehicle. especially if it can compete with the more expensive and large SUVs.
