This volume platform has been forming for a month now.The Weekly Compass, analyzing the weekly chart, indicated a significant price movement is likely on the horizon.The question is: Will the $Tesla Motors(TSLA)$ $173.6 level hold as support again in June, just as it did with near-perfect symmetry in May?✅On the other hand, the 100-day moving average has been acting as resistance, rejecting price advances⚠️.The roof is moving down while the floor remains flat.Which technical indicator or pattern would you add to decipher direction?Intriguing.Imagehttps://x.com/SmartReversals/status/1797757492664971472

TSLA Analysis - 1 of 2 View (macro view) Update 18 Feb 2024 - Fib 61.8 is at 177 which was the low of the most recent support coming in - We are still in a downtrend channel and starting to build strength from the 177 Fib bounce - The top side of the channel is "alas" back at 255 again (previous sharing of key resistance levels) TSLA - Macro View - 18 Feb 2024 TSLA Analysis - 2 of 2 View (micro view) Update 18 Feb 2024 - Previously shared the formation of the "island" with the gap down from earnings (181 to 193) - Whether island reversal happens or not depends on strength of the counter - Have been in the island range for awhile and last week saw the initial break out of the range to fill the gap - Reached 50% gap fill and also VWAP at 200! ==> as shared many times, 50% gap fill is usua

A huge surprise with a massive recovery today, ending the day with a cup-handle formation, and there is plenty of upside left for $Tesla Motors(TSLA)$ . We may even potentially close up the gap to $208; but I believe it is dependent on a few factors. Here are my thoughts on price action for TSLA this week:TSLA: Massive Recovery 1/29 and thoughts for TSLA through WeekPossibility #1: Run up to 0.5 Fib level $195.41 Tuesday. (Orange arrow)With major earnings coming (such as MSFT/GOOG on Tuesday) I expect the entire market to go up in anticipation to positive earnings. Since TSLA just bounced off a major support of $180, TSLA is a candidate to move faster than the market (such as today with a 4.3% run vs the S&P500 under

Price action update (24 Feb 2024) - Since earnings gap down, TSLA had been in an island range - Since the brief low of 175, it has based well so far and attempting to break out of island range - Previous sharing of 181 needing to hold still applies - MA5 has since crossed MA20 and that is bullish to me with now a back test of the MA20 - Looking good and back testing the VWAP  Bullish - Needs to stay above 190 (MA20) - Again, need to break 200 - Target 209 and 219 again and then 232 Bearish - Break of 181 does not bode well My Plays - Continued nibbling of shares at the bottom of the island range when it hits TSLA - Daily Chart - 24 Feb 2024 @melson  @TigerStars  <

Price action (4 Feb 2024) - Bad reaction from earnings has led to an island formation (at 181 to 194) - Islands if reversed will mean many bears are stuck / caught out of position and if some push upwards will lead to some upwards bias ==> thereby called Island Reversal - Gap has been created with mid gap fill at 200 (previously key level) - 209 remains a key resistance (VWAP and MA20 resistance) Not bullish but reversal - Island reversal and Double bottom move towards 200  - 50% gap fill achieved with a full fill at 208/209 - Break 209 and resistance ahead at 219, 232, 240, 255 (you get the drift. All previous support become resistance) Further bearish - Simply down to my much repeated 160 to 145 range For now, it seems 181 might hold.  Will continue to nibble shares eithe

Today was the turn around day, and looking at the share volume (just 4% above normal), the short squeeze has yet to occur. $Tesla Motors(TSLA)$ closed at very near today’s high, and printed a strong bullish reversal candle pattern, so tomorrow should be fun.[Happy][Happy][Happy]A lot of news stories are out now about about Tesla’s 4% pop today and that it’s way oversold and well below its 50~200 moving day averages.A lot of algorithm buys will also triggered tomorrow on today’s trading action.There must be around 130+ million shares shorted and once the majority of these cover, we’ll see a nice short squeeze of 10%+ in one day.After 1 month of daily Tesla/Musk bashing media stories, we need some big positive news stories

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