Tesla Barn-Burned My Additional Target, So Here’s What’s Next (Technical Analysis)

Summary:

  • A previous Tesla, Inc. bearish target of $122 has been bypassed with intent.
  • This article will cover how I determine targets through wave patterns and the origins of my theory.
  • We will then examine the Tesla, Inc. charts to see where the technical next stop lies.

Vision of tuned, sporty Tesla S at the charging point

MikeMareen

In this article, we will cover how Tesla, Inc. (NASDAQ:TSLA) rapidly bypassed my additional bearish target to drop towards the $100 region with intent. We will examine the next technical stop for Tesla and how quickly it may get

Tesla

Tesla current monthly chart with targets (C Trader )


Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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