TSLA Outlook

٩ سبتمبر

TSLA
Weekly outlook of Sep 9
TSLA fell 8.5% on Friday however:
- Price seems bouncing around price area of $210
- no lower lows formed yet (uptrend still holds)
- Oscillator forms hidden divergence (bullish)
- Critical price area of $220 may retest
- TSLA is literally MEME stock now and there is bullish sentiment around the news of Elon Musk is expected to be set to run DOGE (Department of Government Efficiency)
Therefore 2 scenario may in play next week:
1. Bullish case - Correction is inevitable
pullback of $215-220 is expected on Monday
If price breaks up $220 area, pushes 3rd leg to fill the gap around 236-245 area
2. Bearish scene - ABC correction ends and the price gravitates down under$200 area if price action breaks $208 forms lower low