NASDAQ:TSLA A behemoth in the electric vehicle and clean energy sector that has always kept investors and market analysts on their toes with its stock price movements.
Tesla had a tough time in 2022, seeing its stock price drop from $400 to almost $100. But things turned around this year. The stock price bounced back big time, going up by 200% from $100 to $300....
Anticipating Tesla to reach 320 within Wave V.
In Elliott Wave Theory, the concept of "Wave V" represents the final major move in a five-wave sequence. It is usually the wave that follows after Wave IV, and it often leads to the end of a significant trend. In the case of Tesla stock (TSLA), anticipate it to reach 320 within Wave V.
Tesla formed a Head and Shoulder pattern on charts and have fallen from 222 to 140 already.
Its nearing the bottom and currently at first support level. The support levels are marked on the charts. $118 is strong support if it continues to fall further.
Recommendation is to start accumulating the shares in small quantity from now.
Hello Friends
Here we had shared study of Elliott wave analysis for Tesla A bullish perspective with cautions,
In the world of Elliott Wave theory, let's take a closer look at Tesla's chart. Here's what we found.
On an intermediate degree, we've witnessed the completion of two waves, elegantly labeled as "Wave (1)" and "Wave (2)." Currently, the spotlight is on...
Its at Support side to came at 220$. I think it’s go up by & touch again @ 280$ again by it’s next Resistance l. Is purely on my technical chart basis plz support for analysis
The 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a...
#TSLA forming a good impulsive structure on a weekly timeframe from its low of 2010.
Where are we now?
We are in the 5th wave of parent wave (3) which must cross the level of previous high for
the counts to remain valid holding the level of 152.10.
We can see a target of 1.5X to 3X from here.
Trade at your own risk.
Regards.
