Following up my last post about “TSLA Tesla Evaluation – Fundamental Analysis“, here is a graph that displays its current market cycle stage: https://imgur.com/cbruccO
We all know this famous graph highlighting investors sentiment towards a certain stock, it is divided in four main periods:
- Accumulation
- Markup
- Distribution
- Decline
Tesla is at the end of this bubble cycle and is ready to meets more rational price levels, we can detect lots of the “Anxiety” and “Denial” phase here. I am expecting it to drop towards $80 price level with 20% error margin both uptrend and downtrend in a few months to climb up towards more organic and sustainable price growth.
What do you think about TSLA? Is the current price level justified? What are your price level target? Let us know!
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