Tesla Stock Correction: Eyeing a $300 Target? (READ THE CAPTION)
By analyzing the Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected, the price entered the supply zone at $235. After reaching this level, the stock faced a decline and corrected down to $210! It is likely that we will see further correction in Tesla's stock price. However, as mentioned in the previous analysis, due to the recent interest rate cuts, we might gradually witness a price increase after this initial correction. I am forecasting a mid-term target for Tesla stock above $300.
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Best Regards , Arman Shaban
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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