TSLA with a very bullish setup. Clean 5 waves up and 3 waves down. Broke through the resistance curve and successfully retested. Fib extensions point to $520-700. Shorts will cry.
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The recent rally ran out of steam at the previous local peak of $217. I would expect some consolidation over the next week or two towards the $180-$190 region followed by a breakout of the previous local peak. Patience-- stocks do not go up in a straight line.... usually ;)
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Looks like there was no consolidation needed yet. TSLA broke through the previous local peak of $217 with ease. If you are still short, these next couple of months will be very painful.
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Indicating 228/share in pre-market. Very nice move. Shorts continue to get steam rolled every day. Don't be surprised if TSLA rally takes a pause in the next few days to digest some of the recent gains, but the major uptrend remains firmly in tact.
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Bears are in shambles. Fun just getting started for Bulls
@lukehalfhide, My methodology does not predict time frames, only price. However, if I had to guess I would say 6-12 months. Please refrain from trading options.
TylerJordan69
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tesla is down 5% you clown
TomDaSpankEngine
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@TylerJordan69, lol stay mad u lil knuckle dragger. Your 2k RH account has imploded
TylerJordan69
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Fidelity and I don't waste my time on that scam. I'm loading up on gold and silver. Watch and learn!!!!