TSLA - Could 213 be that higher low for a next leg up to 300? Or another leg down?
Daily Chart
- MA5 remains below MA20 ==> bearish
- MA5 starting to go sideways ==> early signs of possible basing
- Price action has stayed above MA5 for 2 days in a row ==> good sign but early
- MA20 green coming down to resistance at 245/246
- Tuesday had resistance at 240 (as shared in previous TA) to come back to 232
- MA5 needs to tick upwards to move towards MA20 ==> possible bullish
30mins Chart
- Validates the above
My Watch/Plays
- Simply, I am looking at confirmation of basing ==> Price action stay above MA5 (225) and test MA20 (245/246) and successfully break though it!
- Note that resistance off MA20 (245) would still mean down towards 219/213/209 and then 190
- For now, holding on to the puts sold (190) and will sell more puts close to or when Powell speaks on Friday
Good luck, all!
@melson @Deposit @macroB @TigerStars @LMSunshine @CaptainTiger
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wonder how much influence will $nvda ER have on $tsla
cant wait for results. whats your opinion on $nvda if any?
Just accumulate this stock, richer rewards are coming soon!!!
No way it’s going to be 229 or 210
Tesla to Explode in the largest Downward pressure pattern since sliced biscuts with puts and shorting $TSLA
I added TSLA share at 232.92 after hours. This will pop in premarket ....Q2 EPS/revenue was solid beating consensus.
Great ariticle, would you like to share it?