Part 6/13:
Tesla has shown resilience, recovering gradually in recent days. Technical analysis indicates a trading channel between approximately $410 and $460, with higher probabilities of movement within this range in the near term. If, leading up to the shareholder meeting, Tesla's stock price rises above $460, a minor sell-off—“sell the news”—may ensue, consistent with historical patterns where stocks rally into an event and then retrace slightly afterward.
Conversely, if Tesla remains below $460, the risk of a dip post-meeting diminishes. The strategic approach involves observing short-term price movement, especially within the channel boundaries:
- Risks: A rally into the high end of the channel ($470 or above) might trigger profit-taking, leading to a slight decline.