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  

$Tesla Motors(TSLA)$ 

Will you bottom Tesla at $200 or $180?
Tesla stock continues to dip as the company announced a fresh round of price cuts in mainland China. Tesla already lost 25% this month. If you plan to add, at what price will you buy Tesla? Will you sell put of Tesla at $180?
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

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

    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?

Leave a comment
49
2253