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.
Date: Mar 04, 2021
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?