Tesla -Follow-up
CMP-167
We statrted covering this from 293 levels.
It is beautifully meeting all the targets.
It seems that the drawdown may continue.
If this continues, what is the next target ?
Well, sanely speaking -first stop can be near 127-130. And if it is still in mood, it can go 110.
Monthly Chart
Insanely speaking – it has a Head and Shoulders pattern on monthly!
As per this, it go below 50 .
Currently it seems like a stupid impagination. But lt there’s no fees or loss in imagining things, that’s why mentioning it.
Monthly Chart
Keep in consideration that it is monthly chart, the things play out in months and year.
Disclaimer :This post is just a for learning a method. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success depend upon various factors.
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