TSLA remains good above 160; Key to get over 182; Key Q1 delivery numbers next week!

Asphen
03-30


Price action (Update 30 Mar 2024)

- Since the bear flag rejection off 209, 199 broke and it has since found a good bounce off the "miracle range 160-145"

- The last time we tested 160 was back in Apr 2023

- Past action between 160 and 182 had been weak price action but recent had shown some volume

- Positive is MA5 is now touching MA20 and a positive cross will bode well for break above of 182


Bullish

- Simply need to break 182 and 199/209. Failing any of these levels will just mean bearish!


Bearish

- Another test of 160 will likely mean a break below towards 150 and 145 and 134 down to 119


My plays

- Continued holding since accumulation of shares down to 160

- Will increase positions if 160 breaks below and take at 145

- Sold puts strike 145


Good luck, all!

TSLA Daily - 31 Mar 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$Tesla Motors(TSLA)$  

💰 Stocks to watch today?(23 Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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

  • PenelopeHood
    04-01
    PenelopeHood
    Overall, it's a thoughtful assessment of the current TSLA situation.
  • zingzy
    04-01
    zingzy
    👍 Can't wait to see what the Q1 delivery numbers will bring!
    • Asphen
      yay! not good but great buying opportunity
  • utems2009
    04-01
    utems2009

    Great article, would you like to share it?

  • Sonsonkok
    04-01
    Sonsonkok

    Great article, would you like to share it?

  • AdamAniQAzem
    03-30
    AdamAniQAzem
    Should be further drop
    • Asphen
      very possible. Will nibble at my next buy point.
  • Deposit
    03-30
    Deposit
    Good to know thank you
Leave a comment
25
991