During analysis of TSLA price chart I have found out some similarities with price pattern from last year. It is forming the same triangle pattern using lines with the same angle. So there may be a big move at the end of this triangle pattern.
Taking into account recent earnings report and possibility that EVs can be popular again TESLA stock might go up.
So basically if there is no market crash or something I expect that price will be 900+ by the end of this year.
However I have a feeling that the market is overbought and any bad news may cause a selloff. I don't expect any long bear market or so, just a flash crash. So if TSLA drops bellow red support line it is good time to increase your position.
Taking into account recent earnings report and possibility that EVs can be popular again TESLA stock might go up.
So basically if there is no market crash or something I expect that price will be 900+ by the end of this year.
However I have a feeling that the market is overbought and any bad news may cause a selloff. I don't expect any long bear market or so, just a flash crash. So if TSLA drops bellow red support line it is good time to increase your position.