Tesla (TSLA)
Date: January 19th, 2023
Our mathematical and timing work for Tesla (TSLA) suggests the following.
-
- Telsa has most likely achieved an important bottom on January 6th, 2023 at $101.81. Both our Price and Time calculations confirm this as the most likely bottom. We also had a number of powerful TIME cycles arriving around January 6th.
- A slightly lower low, of around $88 (+/- $2) is still possible, but unlikely. We put the probability of this lower low developing at 10%. Mostly because the TIME variable of January 6th has already fired off.
- Once the bottom is in TSLA should run up into August of 2023. It’s next major top.
- We have two price projections for this anticipated top. One located at $260 +/- a few $ and the other one is located at an incredible $540. We do not believe the latter is possible, but the stock itself will clarify its PRICE completion target by August. If we are sitting in the $200 range by July, it would be clear that $260 +/- is the final target and we can then narrow down the exact Price completion point. If, somehow, TSLA is able to break above $300 over the next few months, it would signal it wants to go to $540.
Conclusion: Either way, a significant rally for TSLA over the next few months is in the cards.
