Tesla has been facing some supply chain issues late 2021 which caused the Tesla stock to drop - or for optimists, correct. We are now approaching a strong level where Tesla needs to hold in order to keep with the bullish momentum it has seen recently.
If we do break the 900 level, it could mean one of 2 things:
1. We see a bigger, deeper and ugly correction before we move up (and no doubt we will move up).
2. We see the start of its downfall with more EV's entering the market, giving Tesla a lot of competition and things like "supply chain issues" won't be able to pass for an excuse.
This is a very critical time for Tesla . Time will tell whether they stay afloat or sink.
As always, goodluck and trade safe!
If we do break the 900 level, it could mean one of 2 things:
1. We see a bigger, deeper and ugly correction before we move up (and no doubt we will move up).
2. We see the start of its downfall with more EV's entering the market, giving Tesla a lot of competition and things like "supply chain issues" won't be able to pass for an excuse.
This is a very critical time for Tesla . Time will tell whether they stay afloat or sink.
As always, goodluck and trade safe!