TSLA - Limited Bull Case; Mostly Bear Case

Asphen
03-17


Price update (17 Mar 2024)

- Did not get above 209 

- Bear flag played out, with extension levels coming into play

- Approaching key range 145-160 (shared in many past posts)

- Thurs/Fri hit the 160 box and bounced (will it hold?)

- Key is below 160, there is little structure to support TSLA ==> Means below 160 really depends on where the sentiments come back in

- Special Note : 20 Mar FOMC Rug Pull possibility


Bull Case

- Long road, need to get above 182 and then 209


Bear Case

- Fib extension levels are 150, 134 and 119

- 150 is one of the last good level to reference from

- Note Jan 2023 buyers stepped in at 101


My plays

- Not selling puts for now since 160 below is lack of support (probably wait till 119

- Will nibble at key levels (150 down to 101)


Good luck, all

TSLA Daily - 17 Mar 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$Tesla Motors(TSLA)$  

At What Price Would You Bottom Tesla?
Tesla lost 5% yesterday. It delivered 386,810 vehicles in Q1 against the estimated 449,080, according to Bloomberg consensus. Cathie Wood's ARK adds more Tesla stock. -------------- At what price will you bottom Tesla? Will you buy Tesla at $150 or lower?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • melson
    03-17
    melson
    retracing fast and furious after rocket lost and hot inflation data
    • Asphen
      yeah... and rug pull coming up too
  • koolgal
    03-18
    koolgal
    Thanks for sharing your valuable insights. 😍😍😍
  • koolgal
    03-18
    koolgal
    If it hits below 150 is it time to buy?
    • koolgalReplyAsphen
      Thanks for sharing your tips. 😍😍😍Best of luck 🍀🍀🍀
    • Asphen
      I have started nibbling and also at 161...my next level is 150 and 145

      today going up well though for now

  • Deposit
    03-18
    Deposit
    Good one thank you
  • Aqa
    03-18
    Aqa
    Liked and shared.
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