TSLA cybertruck disappointed; But could still bull with market bullishness; Break of 244 and 255 a must!

Asphen
2023-12-02


Reference previous posts

- Mentioned many times, if we don't break 255, we will not see any upside

- Similarly, if 232 does not hold, then we would be seeing 219 and 209 and below

- Why? Recent area of balance is between 232 and 244


Current price action

- MA5 yellow still above MA20 green

- MA20 about to cross above MA50 blue

- Price action still remains above MA20


Long Term

- I do like TSLA potential long term

- But I would like to get it at responsible levels and not get at moon levels

- I like below 232, especially 219 and 209 and 200


Near Term

- Am watching how it navigates 232 and 244

- Break above, will sell puts to capture the year end uptrend

- Break below, will sell puts once price action fills gap down to 219


Good luck, all!

TSLA Daily Chart - 2 Dec 2023

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

$Tesla Motors(TSLA)$  

Cybertruck launch: Tesla back to $200 or $300?
Tesla fell in the after-hour trading after the launch of Cybertruck. The Cyberbeast starts at $60,990, higher than estimated price. Cybertruck can accelerate from 0 to 100 kilometers per hour in 2.6 seconds, faster than a Porsche 911. ------------- Will you buy Cybertruck? Can Cybertruck lift Tesla stock price? What's your target price for Tesla?
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Comments

  • macroB
    2023-12-04
    macroB
    grear sharing! below 220 may have lots of interest.
    • Asphen: 
      yup. retail interest still high
  • melson
    2023-12-02
    melson
    the sell off becoming the norm
    • AsphenReplymelson: 
      yup. but need break through 255...else is back down
    • melsonReplyAsphen: 
      pnf chart suggests it can squeeze out some more juice until 255
    • Asphen: 
      yup. but can 232 hold?
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