$Tesla Motors(TSLA)$
Technically, the rally looks pretty over extended and it looks pretty much ready for a retreat which may have already started. I believe another massive leg down is on the table and depending on the macroeconomics and the inflation picture etc, the bear case scenario is another low to a possible 92 dollars. If it goes to those levels, I will be loading up!
I would not chase this rally and wait patiently for better prices ahead. I believe the bear market may not be done yet and the bears may have a last hurrah to wrap up before they call it a day.
Thanks for reading!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
T