Don't get caught by the dead cat!
Dead cat is forming after hitting resistance of the 0.236 fib. This looks identical to the every bubble chart. It's had it's large 5 wave structure to the top, now it's time for the large ABC correction.
Fundamentals for TSLA are very weak, its real value is between $50-70. Q1 is expected to be a bloodbath after recalls, poor sales, price cuts, chip shortages and falling market share globally (hence why they are delaying delivery numbers in this quarter). R&D budget has been cut to ribbons whilst using shareholders money to buy BTC instead.
Targets remain the same from my last chart around 387 and 249.
Fundamentals for TSLA are very weak, its real value is between $50-70. Q1 is expected to be a bloodbath after recalls, poor sales, price cuts, chip shortages and falling market share globally (hence why they are delaying delivery numbers in this quarter). R&D budget has been cut to ribbons whilst using shareholders money to buy BTC instead.
Targets remain the same from my last chart around 387 and 249.
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