$Tesla(TSLA.US)

Technically, Tesla is in a huge multi year ABC structure from the year it was listed in 2010. My count which is open to interpretation of course has the A wave top in 2017 and the B wave bottom in 2019 when it touched 12 dollars thereabouts (Can you imagine that?!)

It has never looked back and has rallied to its 400 levels now in its C wave. So where is she now in terms of her price action?

I would say she is in the middle of a diagonal within a bigger diagonal of the final fifth wave of the huge C wave.

The thing that makes it tricky is we have an ATH in December 25 which cleared the previous high in December 24 by a whisker so that means all waves are theoretically complete.

However there is still a theoretical count taking price to the 600 levels if supports hold. I don’t see the risk rewards worthwhile enough to hold a large position and amidst the markets’ valuations and macro uncertainty. So safety first it is.

@Bridge Buzz SG