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You might remember this long-term cycle composite for TSLA from several weeks ago. I re-posted it on X (former Twitter) on Thursday. Please follow me on X for the full benefit as I post there in between newsletters.
The cycle composite shows a multi-year positive bias for TSLA.
- #TSLA long-term cycles: 73W and 294W.
- $TSLA should be generally bullish toward 2028 based on the composite of these two cycles. A Major cycle trough in 2030.
- Semi-circles correspond approximately to the 73W cycle.— BraVoCycles Newsletter (@BraVoCycles)
10:49 PM • May 11, 2024
As I alerted you two months ago, the daily chart indicates a turning point for TSLA.
TSLA has an active 20W cycle target 10-15% higher. If it continues sideways to higher into early July, it will generate a much higher 40W cycle target.
Moreover, TSLA may be forming an H&S pattern that can target as high as the 260+ resistance zone.
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