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  

$Tesla Motors(TSLA)$  

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Comments

  • PenelopeHood
    04-01
    PenelopeHood
    Overall, it's a thoughtful assessment of the current TSLA situation.
  • zingzy
    04-01
    zingzy
    šŸ‘ Can't wait to see what the Q1 delivery numbers will bring!
    • Asphen:Ā 
      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:Ā 
      very possible. Will nibble at my next buy point.
  • Deposit
    03-30
    Deposit
    Good to know thank you
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