TSLA - ending 4th corrective wave of a 5 impulse wave downwards
seems to me completing a Zigzag subwave of corrective wave 4.
taking into account the current market conditions:
1) US Factories shut til end of Apr
2) paycut and furlough on Tesla workers
3) Peaking of Covid cases in US still not certain
4) -701k NFP and 6.6m initial jobless claims
feels too bearish for the stock to maintain at these levels for now.
- i am a long term holder of TSLA - looking to enter at discounted prices.
taking into account the current market conditions:
1) US Factories shut til end of Apr
2) paycut and furlough on Tesla workers
3) Peaking of Covid cases in US still not certain
4) -701k NFP and 6.6m initial jobless claims
feels too bearish for the stock to maintain at these levels for now.
- i am a long term holder of TSLA - looking to enter at discounted prices.
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