Possible $TSLA Pullback on Friday 07/05/2024?

4 thg 7, 2024

TSLA has moved up from $195.24 on last week Thursday, 06/27/2024 to $248.50 on the shortened trading day 07/03/2024, that is $51.15 (26.20%) increase in 5 trading days. This kind of steep trend of price action will not go forever and the price action has to come down to some level. On Wednesday 07/03/2024 itself, TSLA was flagging and going down below $240, however supporters showed up and ended up driving the stock to $248.50 by end of the day. Expect a correction/pull back on Friday 07/05/2024, to the Fibonacci levels. Since TSLA does not follow the over all market trend, please watch out if it crosses $250 steadily (I would enter at 254 to 255 level), then the next stop is 270. Please note that TSLA touched $300 in July 2023.