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Tesla Touches Important Trendline

09/26/2022

Less than a minute

2022.09.26 14:37

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Tim Knight

I’ve got a mountain of cash ready to deploy, but only after the bulls get deluded again into thinking everything is just fine again.

Tesla (NASDAQ:), for example, did a pitch-perfect touchpoint of its trendline. I’m talking right down to the pixel of perfection.

Tesla Chart.

You can see how long this trendline is. My view is that the next “attack” on this trendline will break it, and then it’ll be bombs away across the board.

Long-Term Tesla Chart.