Pure Technical Analysis :
TESLA may drop down to 360. Shockingly it may sound, but looking for TA's perpective and using the gann weekly swing chart and retracement, Tesla recovered from the recent drop 3 weeks ago and seems to be hitting the 50% level at 720 price level (resistance).
This 360 level is also the top that TSLA hit a resistance level in July 2020. 360 in Gann's term, is ONE FULL CIRCLE DEGREE, and 720 is 2 times 360.
and the highest achieved was 900, which is multiples of 90 degrees (90 times 100) - 90 degrees is a quarter of a circle, (one season is 3 months).
If this analysis is true, TSLA should drop for another equal range down and this should hit 360 in the next 4-5 weeks.
When TSLA recovers, watch it hit 1080 as the next higher price target. (360 x 3)
Buckle up !!!
TESLA may drop down to 360. Shockingly it may sound, but looking for TA's perpective and using the gann weekly swing chart and retracement, Tesla recovered from the recent drop 3 weeks ago and seems to be hitting the 50% level at 720 price level (resistance).
This 360 level is also the top that TSLA hit a resistance level in July 2020. 360 in Gann's term, is ONE FULL CIRCLE DEGREE, and 720 is 2 times 360.
and the highest achieved was 900, which is multiples of 90 degrees (90 times 100) - 90 degrees is a quarter of a circle, (one season is 3 months).
If this analysis is true, TSLA should drop for another equal range down and this should hit 360 in the next 4-5 weeks.
When TSLA recovers, watch it hit 1080 as the next higher price target. (360 x 3)
Buckle up !!!
Nota
Tsla drops below 540 then it's sayonara ..
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.