TSLA inverse Head and Shoulder still in play; But hinges on CPI not being too hot!
- Coming week CPI market expectation is a high of 0.6! If the figures do not come in lower than 0.6, we might be in for a rude awakening.
- MA20 still at 240 support
- MA50 and MA5 remains resistance
- Likely to stay within range between 240 and 260 until CPI clarity
- A hot CPI will likely see 220 down to 209 and then 190
My watch/play
- Sold puts (look to close higher strikes in any run early week)
- Will sell lower strike puts to capture the pre-CPI volatility
Good luck, all!
@macroB @CaptainTiger @Deposit @melson @LMSunshine @TigerStars
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Although Tesla was able to recover from the recent interim lows, the bears still dominate the market.
At the current rate of price drops, Tesla will be losing money on every car sold soon enough.
Tesla will be at 500 in one year it’s a long term hold. Don’t believe it then sell and move on.
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Toyota claims its new battery will provide an EV with a range of around 1,200km, which is about twice that of many existing models, and can be recharged in around ten minutes
The enginuity of the legacy automakers is off the charts. Meanwhile Tesla is perfecting FSD, energy storage and battery technology, gigafactories and a chasis that can be molded as a single unit. 🤣
Why is Elon Musk the only person on Earth who can design , build and sell an electric car at a profit?
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This stock eventually will go back up when it gets oversold.
Ron Baron said buy buy buy , before this hits 1500
I will be happy with 270 Wednesday.