The increase in Tesla stock prices of over 3,000% between 2019 and 2021 is obviously unsustainable. In my opinion, a further decline with EQLL liquidity grab of at least 35% from the current valuation to the first monthly demand zone is very likely. The most probable, in my opinion, is a low in the next zone. This would mean the price would drop over 84% from its ATH. And then only upwards!
By comparison, Cisco (CSCO) during the dotcom bubble grew by 1500% from March 1997 to March 2000.
By comparison, Cisco (CSCO) during the dotcom bubble grew by 1500% from March 1997 to March 2000.
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And then Cisco's price fell by 90.10%.
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We can also notice there is a head and shoulders pattern, which is seen better on the daily timeframe.
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The momentum is so strong.
