Long Term Forecast – Tesla (TSLA)

I believe that TSLA has started its corrective cycle. While the stock is in it’s first wave down, I am expecting it to retrace further to 500 (minimal retrace of 0.236) or, possibly, to 250-325 (0.618-0.500) over the next several months. The forecast will be updated once the first wave down is fully developed and would allow for a more precise calculation of the targets.

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