Upcoming earnings will define TSLA direction. Looks bearish to 96 if negative reaction

Asphen
04-21


Price action Update (21 Apr 2024)

- As shared previously, 145 to 160 is a mysterious range of play

- TSLA is now navigating between that range, heading down to 145

- MA5 and MA20 are close to one another, but MA5 looks to break below significantly soon

- Breaking down below 145 would see 134 not holding well and 119 being a significant stand

- Extreme bearish-ness from earnings will see target of 96


My plays

- Nibbled shares since 180

- Sold puts strike 145

- Will see earnings on 23 Apr to see whether to secure more shares if it reaches 119


Good luck, all!

TSLA Daily - 21 Apr 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$Tesla Motors(TSLA)$  

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Comments

  • melson
    04-21
    melson
    next strong support at 108, but looks like fifth wave down completed, ripe for technical rebound. maybe sell in may and go away not true this year...
    • Asphen
      yay! sell in may n go away has not been true past few years 😀
  • Ah_Meng
    04-22
    Ah_Meng
    Nah… there’s no more support till 108. I will see you there then… I have never been a fan of Tesla. Without the support of the hypocritic US government’s subsidies, it won’t even be anywhere near what it is today. If I am buying, it’s probably just a punt, rather than trusting my hard earned money to those self-entitled insiders.
  • macroB
    04-21
    macroB
    Your prediction of 150 right on point! 😨
  • mster
    04-21
    mster
    🤢such roller coaster ride 🤮 along way. 😅
    • Asphen
      yep. and it will continue for some time. to the moon-ers need to be patient.
  • LMSunshine
    04-21
    LMSunshine
    Thanks buddy for the AWESOME updates❣️
  • Kevinshn23
    04-21
    Kevinshn23
    Great analysis.
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