Will It Get To 266 ?

Let’s go back to the last update on Tesla (TSLA), and see how that analysis is working out:

“Unless we reverse right here and now, Fibonacci retrace and projections (shown below) target the $260 – level for TSLA.”

That was back in early March.

Now, TLSA is currently trading (as of 11:30 a.m., EST) at 246.71, and pushing higher.

The original chart of TSLA, from the March 5th, update is below, followed by current activity.

Tesla TSLA, Daily

Original analysis.

Updated chart (11:15 a.m., EST):

From a trading perspective, TSLA, is being used as a proxy for the market.

That means, if there’s to be a reversal at or near the 259-area, it’s likely the overall market will reverse as well (not advice, not a recommendation).

The ‘Ponzi’ has already been established (the last update). We see the delusion continues with reports like this.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279