Posted by & filed under Company Analysis, Financial analysis, Growth & Valuation, Personal Finance.

Description: In my February Tesla update, I described how Tesla was positioned for an accelerated breakdown if prices slipped below the $780 low. At the time, TSLA was trading just above $800 (see chart below). It appears the breakdown is underway, and this could turn into an outright collapse into mid-March.

Source: Yahoo.Finance.com

Date: Mar 04, 2021

Link: https://finance.yahoo.com/news/tesla-stock-meltdown-tesla-beginning-185007237.html

Questions for discussion:

  • What is the basis for this prediction about Tesla stock?
  • What does the chart say to you?
  • What would you advise investors at this time?

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