Teetering Tesla

Managing Partner at Tim Knight Organization • Jan 23, 2024 at 12:30 AM EST

On a day when the S&P 500 and the Dow 30 Industrials reached their highest points in human history, Tesla kept slipping. This does NOT look good for Tesla bulls.

Cars Parked In Front Of Company Building

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Hoo boy. On a day when the S&P 500 and the Dow 30 Industrials reached their highest points in human history, TSLA kept slipping. This does NOT look good for Tesla bulls. I could easily see this down to $170-$180 within days, as crazy as that may sound. I have no position at all, but that Fibonacci could fail with just a sneeze in the bleachers.

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.

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