Free Mortgage and Real Estate Advice from more than 21 years professional experience. President and CEO of NorCal Mortgage and Endurance Real Estate ๐บ๐ธ
Storm in North Georgia last night didnโt bring us any tornadoes, thankfully. We did get almost 21 inches of rain though in about a 4 hour span. Crazy. Hope everyone is safe.
Just Grok it ๐
- The post references a "head and shoulders" (H&S) pattern, a technical analysis chart formation indicating a potential stock price reversal, where Tesla's price peaked, declined, peaked higher, declined again, and then peaked at a similar level to the first peak before dropping, suggesting a bearish trend.
- It highlights Tesla's stock ($TSLA) breaking down to a key support level of $235, as shown in the accompanying chart, which tracks price movements and marks buy/sell points, reflecting trader activity on March 13, 2025.
- This analysis aligns with Tesla's recent stock performance, with its closing price at $230.58 on March 11, 2025, and a 52-week high of $488.54, indicating significant volatility and a potential downward trend if the $235 level fails to hold.