TSLA – A Lone Rider

BraVoCycles Newsletter
May 13, 2024

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TSLA Price Projections
- TSLA Cycles

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TSLA Price Projections

TSLA, one of Magnificent 7, has been marching to the beat of its own drum. We showed before that the TSLA cycle composite departs noticeably from the overall market.

· A couple of weeks ago, TSLA reached its 18M cycle target, which we posted a few times.

· I identified a reversal day in TSLA when it happened.

· After that, TSLA gapped twice to an intermediate target that I had identified.

· When TSLA reached that target, I indicated it should pull back.

· The pullback is in progress, and TSLA generated a 20D cycle target (red box), as shown in the chart below. IT closed the higher gap, and by reaching the target, it will substantively close the lower gap also ( a gap does not need to be closed fully).

· In reaching the 20D target, TSLA may invalidate the previously generated 40D target toward the 220 area, unless it quickly rebounds in the next couple of days.

· A likely scenario is that TSLA will drop more next week toward the 20D cycle target, invalidate the existing 40D cycle target, then generate a new 40D cycle target from a lower level.