Asphen
2023-05-21

TSLA is following all the price action indicators very well; Target 190!


- Have been performing well since the bounce off the neckline support of 163

- Clearly in a near term buy controlled buy channel but in a larger controlled sell channel

- Confluence remains 190

- 19 Apr gap down bear flag has since retraced above 177 which is Fib 78.6 (tends to mean likely a full retrace to 190


My Watch/Plays

- Will MA5 cross above MA50 (blue)?

- Will price action stay in the buy channel?

- If it comes back down to re-test 163 and fails below? ==> This is a bearish one and 146 bound

- Look to add more long puts should price action test and stay above MA5 and MA20

- It is all about 190! Break above and we will have some squeeze from 195 to 209


Good luck, all!

@Deposit  @melson  @CaptainTiger  @TigerStars  @LMSunshine  

$Tesla Motors(TSLA)$ 

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Comments

  • melson
    2023-05-21
    melson
    cathie must be loading up
    • Asphen
      that's a good trend! 😀
  • glowzi
    2023-05-22
    glowzi

    How does TSLA's recent production issues and CEO controversies impact the stock's performance?

    • Asphen
      impact mid to long term. near term us usually just sentiments n price action.
  • Alex Puffin On Two Smokes
    2023-05-23
    Alex Puffin On Two Smokes
    Great ariticle, would you like to share it?
  • moomoo612
    2023-05-23
    moomoo612

    Great ariticle, would you like to share it?

  • RainbowChaser
    2023-05-23
    RainbowChaser

    Great ariticle, would you like to share it?

  • Eumiko89
    2023-05-23
    Eumiko89

    Great ariticle, would you like to share it?

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