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Stock Markets

08.11.202115:38 Forex Analysis & Reviews: How deep will the pull back in TSLA stock price be?

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Increased anticipation among market participants is expected, specially if you own or trade TSLA stocks. With Elon Musk announcing through twitter that he will sell 10% of his holdings to pay taxes if the twitter poll suggests so. With the twitter poll closed and the majority asking for the sale of Musk's 10% TSLA stock price is down in the pre-market.

Exchange Rates 08.11.2021 analysis

Green lines - Fibonacci retracement

TSLA stock price is around -4% lower in the pre market. This twitter poll by Elon Musk and is a good justification for a pull back in stock price after the parabolic rise over the last month. TSLA stock price is expected to make a pull back towards the 38% Fibonacci retracement found around $1,000-$970. We were bullish TSLA stock price when price was breaking above $760-$770 at the end of September. Now we turn neutral.

Alexandros Yfantis
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