TSLA Setup Clarified: $440 Resistance and the Path to $600

PeterDiCarlo
12-04

This is why a system > feelings on $Tesla Motors(TSLA)$ .

After 11 years I still deviate sometimes. Monthly BX says buy. Weekly BX says buy. But I “hate” the daily chart right now.

Reality: my feelings don’t matter, the system does. If $TSLA holds over $440 today, that’s our first real breakout signal.

For anyone saying I’m “flip-flopping” on $TSLA

Nothing has changed.

My outlook has been the same for weeks:

• 3–5 months: looking for $600

• Worst-case shorter term: around $350

$440 is the last key resistance TSLA

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

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

We need your insight to fill this gap
Leave a comment