Despite oversold status, $TSLA remains trapped under 204 range
The GistWhile nobody wants TSLA to ^ more than myself, I have to say that the opening/closing gaps are preventing me from picking up a further position with the stock (atm). After gapping down 6/22 from ~ 220 --> 200, company rumors and world events have been sullying Tesla's ability to create () value for shareholders.
Based on the previous trend from the high of 220 --> low of 200, I believe the best time to get back into TSLA would be between the .618 and .5 retracements aka ~211.5
Based on the previous trend from the high of 220 --> low of 200, I believe the best time to get back into TSLA would be between the .618 and .5 retracements aka ~211.5
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