$TSLA = 2022 Forecast = 02.01.2022 #TSLA #investing #ElliottWave

TSLA 2022 forecast continues the series of Yearly Reviews for 2022 that @InvestingAngles provides for the followers and subscribers. Some of them have already been posted:

In July 2021 I forecasted that $TSLA would hit $1100 in Q1 2022. The stock is on track and this study will discuss the targets for 2022.

This 2022 Forecast contains:
– analysis of quarterly, monthly and weekly candle charts;
– long term Elliott Wave forecast, targets and timing.

CANDLES

Quarterly
The Q4 candle fully canceled two Spinning Tops in Q1 and Q2, flipping the odds bullish on the quarterly chart. The only remaining concern is a 93 RSI while the other indicators support a continued move upwards.
As the candle covers three months, there is a chance of lower prices at the beginning of the frame, but the Q1 2022 candle is expected green.

Monthly
The November candle was a doji with bearish flavor. The December one neither confirmed nor canceled the barely bearish odds. The long term trend is healthy and the most typical outcome in this condition would be a continued horizontal or slightly downwards move for another month or two.
However, if TSLA closes in January below the December low of $886, this even would be very bearish and could trigger even deeper sell-off.

Weekly
The weekly candle looks like a Hammer. However, due to weak technical support the candle is likely a false one that will turn a consolidation formation. A confirmation is required for both paths and the indicators are neutral at this point.
Odds: Neutral

The yearly and semi-annual candles are bullish with the only concern about the overbought respective RSI, similar to the quarterly one. While the stock can continue in the overdrive for long time (and there were multiple examples of similar behavior), a sizeable reset will be imminent at some point in future.

ELLIOTT WAVES

The following TSLA long term forecast was designed in July 2021 and it served perfectly for 6 months. The forecast has been adjusted following the recent changes in candles and indicators.

The following section is available for subscribers only. A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.

Premium Content

Read more of this content when you subscribe today.

If you already follow @InvestingAngles on Twitter and would not want to miss an important post, you can follow the blog on WordPress by email (free service). In this case, all posts will be sent to your inbox directly, including those with Premium Content. The Premium Content sections of the posts will be readable only if you have an active subscription.

A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.
https://investingangles.com/subscription/

One thought on “$TSLA = 2022 Forecast = 02.01.2022 #TSLA #investing #ElliottWave

Comments are closed.

%d bloggers like this: