Asphen
2023-10-06

TSLA looks good for MA5 cross above MA20; So look for 266 test and break! target 280!


- Has been firming up well since support at 240

- MA5 is once again coming up to MA20

- Simple mechanics to watch next days for TSLA


a) Price action to stay above MA5 and MA20 ==> means to stay above 255

b) Price action to test and break above 266 ==> This will happen when MA5 cross above MA20


Bearish note - If break below 255, look out below 240, 232, 219, 209


Will sell puts if test 255 and stay above!

Will sell calls if break below 255.

@TigerStars  @LMSunshine  @macroB  @melson  @CaptainTiger  @Deposit  

$Tesla Motors(TSLA)$ 

Target price for Tesla after delivery data?
Tesla released the latest 3Q deliveries of 466,140; surpassing the estimates of 455K units. ------------------ How do you view Tesla's delivery data? What's your target price for Tesla? Are you bullish/bearish on Tesla stock price?
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Comments

  • HarryCox
    2023-10-06
    HarryCox

    IMO IT'LL RETEST $252 IF THAT RESISTANCE AT $254.84 IS NOT TAKEN DOWN.

  • YorkTurner
    2023-10-18
    YorkTurner

    230 or less, is the price I expect tomorrow. The geopolitical news is negative, the market mood is foul. I don't think TSLA will survive today number.

    • Asphen: 
      yeah... the bearish case is playing out. glad I'm ready! 😉
  • BruceBryant
    2023-10-06
    BruceBryant

    no need to rush in take your time, Dollar average. This is a bull for the long term future

    • Asphen: 
      Good one. dca up n down are good approaches
  • macroB
    2023-10-06
    macroB
    wow that premarket move!
  • YvetteGunther
    2023-10-18
    YvetteGunther

    What a terrible day for ER’s. The entire markets crashing. Even if it goes up. People will immediately take profits taking it way down again. Best to short it at these high prices and buy back much cheaper after the crash.

  • JohnMitchell
    2023-10-06
    JohnMitchell

    And index basically treaded water funny. AAPL pumped like a junkies stomach well MSFT NVDA meta same truck

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