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Love it or hate it, Tesla Inc. (Nasdaq: TSLA) is a freak of nature.
Tesla manufactures electric vehicles, but it’s so much more than a car company.
Its battery technologies serve its car-making needs and other consumer applications. And its autonomous technologies will open up new horizons for the company.
I’m sure that barely scratches the surface.
Suffice it to say, Tesla’s future is promising. Its potential for innovation and disruption is enormous.
But at the same time, an economic recession brings headwinds for Tesla.
A slumping economy will squeeze the automaking side of its business, and other areas will need to take up the slack if its stock can maintain current valuations.
There is plenty of fodder for bulls and bears.
But most of those things do not matter in the short term.
And price tells me that TSLA’s rebound is topping out at critical resistance. It is set to decline double digits in the next two months.
Shares Set to Fall 30%
You can play Tesla’s chart setup for triple-digit gains when the stock drops.
The black line is the share price of Tesla.
The blue A-B-C pattern denotes the stock’s recent rebound.
I use these patterns to predict price trends. It’s the framework for my Apex Movement Patterns, or AMPs.
Prices are driven by basic emotions. AMPs help me identify when investors switch from fear to greed — and vice versa.
I expect a 30% decline to roughly $500 per share. This would constitute a logical retracement — or correction — of its AMP rebound.
TSLA’s correction will correspond with a corrective sell-off in the broad stock market.
If fear spikes the way it did in March, the broader sell-off will push stocks to new lows … and TSLA will fall more than 30%.
Editor's Note: To keep reading, click here.
$10 AI Stock Set to Soar
The audience sat in stunned silence.
That’s because tech expert Paul Mampilly ripped away the curtain on a new technology that experts are calling “one of the most significant discoveries since fire” and “the last innovation we’ll EVER need.”
When Paul Mampilly delivers a presentation recommending a specific stock, it pays to listen.
The last three times he did this, the stocks saw peak gains of 300%, 125% and 524%.
But as Paul made perfectly clear in his live “Tech Talk,” this innovation is bigger — much bigger — and those who get in during these early stages could amass a fortune greater than anything we’ve seen in human history. I’ve attached a link for you to watch his presentation here.
During this presentation, Paul will reveal why this emerging tech industry is expected to surge from a $20 billion market to $15.7 trillion — a 76,000% increase.
He’ll demonstrate exactly why the world’s biggest businesses are reinventing their entire businesses to become the world leader in this tech.
And most importantly of all, he’ll reveal the little-known Midwestern company at the forefront of it all — and why the highest paid money manager on Wall Street has dumped nearly 20% of his entire portfolio into this ONE stock.
Never one to mince words, Paul says that buying this company now, while this technology is still in the early stages, could set you up for a multimillion dollar windfall in the years ahead.
But you need to act fast.
This industry is poised to go parabolic, and if you wait, you could miss out on the biggest money-making opportunity since the birth of the internet.