After evaluating my old post, I adjusted my projections based on the last 12 months RSI and earnings movement. We will reach the top probably before Feb 02 release.
MACD in the 1 hour is signaling bearish.
-RSI reaching all time high
-MACD lines have still not crossed over in the 4 hr chart but the 1 hour chart is signaling a pull back
-If we have still not reached the top TSLA will make its final push for $1000
-Projecting a pull back to $650 before March 2021. Only a 35% pull back compared to the 60% one back in Feb-March 2020.
-Still to early to say what will happen after March. Elon still has much ammo left for example entering the consumer aerospace industry with Tesla .
-He has teased the idea of electric engines and vertical lift aircrafts.
-Market consensus is that the top is near at least for the short term.
-Reducing the starting price of the Model Y. Investors will start turning on this decision and will demand a price increase.
MACD in the 1 hour is signaling bearish.
-RSI reaching all time high
-MACD lines have still not crossed over in the 4 hr chart but the 1 hour chart is signaling a pull back
-If we have still not reached the top TSLA will make its final push for $1000
-Projecting a pull back to $650 before March 2021. Only a 35% pull back compared to the 60% one back in Feb-March 2020.
-Still to early to say what will happen after March. Elon still has much ammo left for example entering the consumer aerospace industry with Tesla .
-He has teased the idea of electric engines and vertical lift aircrafts.
-Market consensus is that the top is near at least for the short term.
-Reducing the starting price of the Model Y. Investors will start turning on this decision and will demand a price increase.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.