TRADING TIPS

TSLA Could Go Here Next

Hubert Senters here. Let’s take a look at Tesla. I think it’s going to pullback a little bit. Wonderful stock. Wonderful momentum play and it continues to go up. Let’s take a look at the long term perspective here on the weekly. That’s pretty vertical and if you look at the monthly. It’s not even a hockey stick. That’s just trade out vertical. So you see these little pullbacks right here I think we’re about to experience another one so you better be ready for it. If you’re not it could potentially hurt. If you’re long term investors they’re really not going to matter. You can just add more shares. But if you are a type of person likes to jump out before things roll over you might want to take a look at this. So I think next week it will tickle the $757 area and potentially head down towards the cloud so another way you can do it is just with a Fib and you just grab a Fibonacci. And I’m going to go to the beginning down here to what I’m calling this the temporary and I’m not saying Tesla’s over. I’m just saying it’s going to pullback. It could be in the area of $666. That’s ominous. That’s bad luck Tesla. You’re definitely going there now. But the range is going to be $666 to $611 so about $660 all the way down to $611. Heads up, Silas is doing a special webinar this weekend. I believe it is Saturday at 10AM EST on Top Tools for Catching Corrections & Major Market Reversals. I’m going to HYPERLINK you to that page. Good luck. Hope it helps. See you on the next video. Hubert.  

1 Comment

  1. murray

    Thanks for this chart I sold my tesla at 778 and re-entered at 648 your charting was and is SPOT ON! Thank You!

    Reply

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