Short-Term Upswing: Navigating TSLA's Rise with an Eye on an End-of-October Downturn.
The daily trend of TSLA entered the Bullish zone seven days ago, indicating an upward trend. However, starting from October 11th, it shifted into a correction trend. Over the next 2-3 days, we can expect limited fluctuations between rises and falls, followed by a resumption of the upward trend at the beginning of next week. After this upcoming upward trend, there will be a gradual weakening in the intensity of the rise, eventually leading to a shift into a correction trend. By mid to late October, a significant downturn is anticipated, leading the stock into the Bearish zone. Considering this overall pattern, the current upward movement and the anticipated rise until next week are likely to represent short-term peaks. This period of upward movement could serve as an opportune time for investors to reevaluate their positions, especially in anticipation of the downward trend expected by the end of October. The similarity with the overall trend in the US stock market stands at a substan