Tesla update - 7 December 2023

Analysis & Learning Dec 7, 2023

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology

Tesla - weak 40 day trough zone, 80 day and 20 week cycles down.

In the last note of 20 October (chart below) we were looking for an 80 day cycle trough into the last week of October.

This 80 day cycle trough came in pretty much on schedule time-wise although about 10 points lower than the bottom of the target box (circa 202). So let's update the analysis here:

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.