TSLA 816.00 target achieved
ONE44 Analytics where the analysis is concise and to the point
Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.
For the ONE44 Fibonacci rules and guidelines to help with this article, go here.
Charts are courtesy of Barchart.com
This is an update to the post on 9/2/21, TSLA target is 816.00
9/2/21
"They have made new highs for the move after holding 658.00 and our target is 816.00, this is 78.6% of the highlighted area on the chart and the ATH. This will be the target as long as it continues to hold 38.2% on any setback, right now this is 668.00."
Since this post it setback back one other time before reaching the target. The break from 61.8% of the 1/25/21 high and 3/5/21 low at 760.00 sent it down to 23.6% of the 5/19/21 low, keeping the short term trend very strong.
The target of 816.00 is 78.6% of the 1/25/21 high and 3/5/21 low and when following the ONE44 Fibonacci rules and guidelines we know this is where a lot of Bull runs end and start. The long term target on a break from here is 78.6% the other way and this is 598.00. As always we watch all the retracements to see just how strong, or weak the market is regardless of the long term target. Staying above 38.2% at 720.00 keeps the short term trend positive and only getting back to 23.6% at 755.00 keeps the market extremely positive.
On a failure to turn lower from 816.00 we have to go to the long term view for a target and this is 961.00. The long term trend remains positive until it can take out the March low that was 38.2% of the ATH and 3/18/20 low.
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