TSLA 4HR - The EV sector has taken a hit all around for the past couple weeks which create great buying opportunities! ...Tesla is in my larger degree wave 4 correction, price seen a steep drop due to overall market sentiment this past week but I can see a possible flat consolidation period before we start a nice bull run... S&P 500 had a decently bullish close Friday and I am expecting we see a green beginning of the week and continue to see corrections for most stocks depending on overall market sentiment (bond yields, interest rate, stimulus, etc.). I can see price going to retest 700 and a drop down to 480-500 level before we see 1k. Keep an eye on volume to validate price action. Lots of Investors, Institutions buying this dip so IMO great point to scale in to shares for your long term.
Key Levels
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S: $538.50, $496, $413
R: $615.66, $693.95, $784, $874.37, $905.41
Key Levels
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S: $538.50, $496, $413
R: $615.66, $693.95, $784, $874.37, $905.41
