TSLA - Macro / Micro View in Charts

TSLA Analysis - 1 of 2 View (macro view)

Update 18 Feb 2024

- Fib 61.8 is at 177 which was the low of the most recent support coming in

- We are still in a downtrend channel and starting to build strength from the 177 Fib bounce

- The top side of the channel is "alas" back at 255 again (previous sharing of key resistance levels)

TSLA - Macro View - 18 Feb 2024

TSLA Analysis - 2 of 2 View (micro view)

Update 18 Feb 2024

- Previously shared the formation of the "island" with the gap down from earnings (181 to 193)

- Whether island reversal happens or not depends on strength of the counter

- Have been in the island range for awhile and last week saw the initial break out of the range to fill the gap

- Reached 50% gap fill and also VWAP at 200! ==> as shared many times, 50% gap fill is usually the first target!

Possible moves

- Like previously shared on support, they now become resistances

- 209 becomes the next key level to get above (full gap fill)

- And then 219 will come into play (also VWAP)

- Weakness ==> then 209 and 219 will be the rejection to bring it back down to 160/145 range (again, previously shared on where weakness will go to)

- Strength ==> Break above of 232 (again, that magical level!)

Good luck, all!

TSLA - Micro View - 18 Feb 2024

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