That has been the question on my mind all day today. We started off strong gaining $4+ dollars right after open, and then around 10a.m we just started to peter out and retrace/consolidate. Hopefully, this is just the beginning of this (C) wave, and we take off soon. If it doesn't start climbing strongly within the next day, maybe 2 at most, then I will start to lean more towards another low down to the $160 region. As of now though I am standing by my thought that we should go up from here to carve out wave (C) of ((B)).
I won't spend too much time going over the finer details because I feel I have already talked about them enough in my previous posts. If you are unfamiliar with what I am referring to then take a look at my older Tesla posts. Specifically, anywhere I mention MACD, or list reasons as to why I believe price is doing what it is doing.
Tesla has a lot of things happening in the background that about to come to light very soon. If you haven't already, I highly suggest you do some research on Tesla to understand their long-term goals and objectives. The shareholder meeting seemed to have given Tesla a little boost and that may have been all it needed to help propel it upwards. Time will tell us what price has in store. Only thing we can do, is use the tools at our disposal to attempt to predict price movements and make a profit.
Let me know if y'all have any questions. I respond with-in 24hrs! Give me a FOLLOW after you check out my past work!
Bonam Fortunam,
--Tyler