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hello folks um I'm recording this video on 6th of May 2017 uh this is a follow-up video to my uh earlier videos on Tesla stock um all right so I had mentioned in my earlier video that um um even though Tesla made uh um a huge correction not exactly a very huge correction but after uh they announced uh their uh um earnings uh the stock kind of Tanked a little bit so obviously it was a kind of scary even for many people like you can see here um it was around here and then after the thing uh it crashed okay and then my earlier video when I did a video earlier um this thing was not there it it did not happen so we were at at this juncture when I was recording my last video here um I had mentioned that um I'm still not worried about Tesla stock uh uh going down further and uh I had um indicated that um you know it would turn around and go up in fact I was talking about Eliot waves there I was thinking that it's probably Eliot wave one two uh and three and this was four I thought it'll go down one more wave but obviously it didn't uh turn out to be the case and obviously so In aliot Waves obviously you know you have to change the count so this could have been like uh um you know a b c correction instead of 1 2 3 4 5 so um nevertheless um I had indicated uh that um um the price would stop in any of these three levels where I where you see my blue lines um I had mentioned it could all these three levels are important in the market I had mentioned I thought it would come down to the this level right here but obviously it did not I thought this level was a significant level where it's it's going to stop and turn around but obviously turned around much earlier than that which is a good thing anyways um if you're not sure you know how I drew all this lines you can go back to my earlier video and uh uh check on that okay so what has happened now um the price obviously um turned around um on um Friday uh that is somewhere here so here and then it started moving up and it actually moved like good um 13 points nearly 13 points on Friday um I so overall let's talk about the overall um you know um future for Tesla's what I think based on my analysis obviously I think um Tesla's got a excellent feature um but um in the in the near term based on the analysis um I'll tell you what I see so let's go back to daily um I let's go to monthly a little longer time frame actually I as I mentioned in my earlier video which I don't want to repeat again you know there was a witch it broke out of the wtch and it has got uh ways to go to the higher side to put it simply that's what I think so 325 is one here yeah we can see there's too much of diagrams here let me just try to correct uh some of them so as you can see here um the price went up corrected itself broke out of the veg and I think it's going to go to the 27% first and maybe it'll have some tough time here breaking it and then if it breaks it it'll go to the next level which is 50% uh a little bit higher than the 25 yeah somewhere here this one right here this 420 3 right now we are at 308 we're talking about like more than $100 and the first expectation will be 360 something 662 which is again nearly $50 from where we are today so I think Tesla is going to go up uh that's my um you know expectation from this analysis okay so if you are holding Tesla stock obviously you know you can continue to hold it um if you had um obviously got scared and sold it maybe you should uh look for an entry point if you're interested in the stock again it is not uh a trading recommendation it's just my analysis and it's for your own educational purposes only and any um investment uh decision you make um the responsibility lies with you okay so you got to make your own analysis um and um you know make your call all right thanks for watching guys and if you are interested in uh learning more about my videos you can obviously you know subscribe to my channel that way whenever I post a video you will be um not notified and also if you like this video uh please feel free to uh give me a thumbs up okay and if you have any questions please uh type in the comments and I'll be happy to answer them for you all right thank you so much for watching guys and um have a wonderful day bye now
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