I noticed unjustified price momentum and extreme bullish sentiment in the Tesla when I penned the article- Will Tesla Stock Price Crash? Prices peaked surrounding the stock-split as predicted. The initial breakdown reached $329.88 - the next decline may be starting now and could be much more severe.
Tesla stock prices rebounded into yesterday’s battery day. I think the rebound is over, and a breakdown below $329.88 could trigger a sharp collapse to $180 – $220 before the next multi-week bounce. Longer-term, I continue to target a drop below $75.00.
Currently, I do not own TSLA – I’m very bullish long-term.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information, please visit here.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle that will begin to unravel in 2020.
