We again tried to break the Fib extension at 61.8 another rejection at the 706.8 level.
We are looking at three possibilities
1. a return to the .5 fib extension
2. a bounce off the fan trend line
3. a short-term consolidation and a breakthrough the 61.8 if congress extends the tax incentives for EV's to TSLA (and GM) for cars over 200K. This would bring huge buying potential to new cars and new production orders in the US market for the M3 and MY as their base models fit in that area.
Over the long term we are still bullish on TSLA and hope to be in the future. TSLA is more than a car company...
We are looking at three possibilities
1. a return to the .5 fib extension
2. a bounce off the fan trend line
3. a short-term consolidation and a breakthrough the 61.8 if congress extends the tax incentives for EV's to TSLA (and GM) for cars over 200K. This would bring huge buying potential to new cars and new production orders in the US market for the M3 and MY as their base models fit in that area.
Over the long term we are still bullish on TSLA and hope to be in the future. TSLA is more than a car company...