Just checking potential key levels on the way back down with TSLA. Seen a few people calling out the $60 mark as the target bottom but is there potential for a little bounce from close to where we're at right now ?
Pro's for a little bounce now: - Oversold on the daily RSI - Close to a horizontal support from a previous peak - hugging the bottom support Line of a downward channel - buy the dip mentality
Overall I'm betting Tsla is probably going to go lower over the next couple years: - global economic outlook, - COVID cases in china knock on effect with production/supply - increased competition from legacy manufacturers