What if it’s a bottom?

What if it’s a bottom?

The price had two gap-ups during the bull market,

and both of those gap-ups have been fully filled.

The current price has returned to the final resistance line, which acted as support after breaking out of a triangle consolidation pattern.

Therefore, no matter how bad the sentiment around Tesla is, seeing how it has already dropped so sharply in such a short period, I’m thinking it might be a good time to buy now. Many people might laugh at this, and mentally it’s a scary zone, but from a chart perspective, it feels like an attractive price to buy. Today, I personally took a bold step and made a purchase, but if it falls further, I’m looking at a worst-case scenario of $170. By then, there will likely be a lot of people underwater, and it could take a long time to reach the previous high. However, if that happens, I plan to buy 2.5 times the amount I currently hold. Tesla has always been a tough stock, but this time, with variables upon variables, along with Tesla’s business and political issues, it’s truly chaotic. I hope everyone makes a profit.

(Just my personal opinion)