TeslaLong
Long Tesla (TSLA) off a Fib Retracement
TSLA is making higher highs and higher lows on the medium-term timeframe. Jan to May, May to October. When would be a potentially good time to buy if the trend continues? Drawing a Fibonacci Retracement indicator from January’s low through February’s high and onto April’s low one can see the retracement dips just under the 0.5 level, by %5. The stock is currently on a short-term downward trend so when it is likely to revert, if the 2023 trend is to continue? The answer is at the $214.50 range.
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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.