TSLA weakness continues. What levels to look for?

Asphen
2023-10-21

Simplicity in analysis on TSLA

It has broken several key levels already. I've been repeating the same levels in all my previous posts. 

255 - cannot stay above means bearish

Key range 232 to 240 - market makers gap below it tactically to avoid the bulls 

219 - did not hold well

209 / 190 / 165 / 150 - next tests

Does not look good. An average down plan might be useful if still believe in this counter. 

TSLA Daily chart- 21 Oct 2023

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

$Tesla Motors(TSLA)$ 

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Comments

  • Aqa
    2023-10-22
    Aqa
    Liked and shared. 👍🏻
  • melson
    2023-10-21
    melson
    oversold
    • AsphenReplymelson: 
      very likely yes. bounce to MA5
    • melsonReplyAsphen: 
      likely to bounce a bit before continuing down till spy hits 398
    • Asphen: 
      yes. bollinger band stretched.
      however, still could be only a dead cat.
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