ev-enthusiast
Active Member
The street, so I should have just done the opposite and bailed on my entire position, wo cares:
Tesla's Stock Chart Predicts a Rally Ahead
Tesla's Stock Chart Predicts a Rally Ahead
(link)The powerful downside momentum unleashed last Thursday is still pushing Tesla Motors TSLA lower -- but the tide could be turning for the electric car manufacturer.
Tesla fell over 10% on Aug. 6, before finally closing with an 8.8% loss on its second-heaviest volume of the year. This earnings-inspired breakdown began with a huge downside gap that dropped shares below the July low. Tesla's continued drift lower will soon reach a major support zone. For patient bulls, a low-risk buying opportunity may develop very soon.