TSLA long idea.

Tesla took a pounding today with the earnings loss which is a good thing if you are looking to buy because the stock is becoming cheaper.

I don't normally use Fib projections but 1.618 nicely aligns with the rally base rally demand zone (@ $282) which I project the price will bounce off of. If this fails then we have a drop base rally demand at $254 which could produce a bounce.