TSLA - Broke below key level and MA5 close to MA20 again!
- Reference previous post on 260 rejection, 255 not holding, means bearish.
- And that was what happened last week
- With MA5 now close to MA20, a cross of MA5 below MA20 will mean a break of 240 and testing 232.
- Once crossed, the lower bollinger band will tip back downwards and follow MA5 which does point to easy move to 219 and then 209
- For now, see good support at 209 (also upcoming MA200)
- Key level is 209. Breaking below 209 will bring a whole new perspective to bearish for TSLA (with 190, 160, and below coming into the consideration). Let's hope it does not get there.
Near term, 240 and 232 must hold. My puts are still holding well.
Good luck all!
@Deposit @melson @LMSunshine @TigerStars @macroB @CaptainTiger
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Tsla stock is literally a roller coaster. Watch it jumps for no reason Monday.
Tesla only became profitable in 2020. Please do stay far away of this stock and never invest into it.
Tsla was just barely above $100 in January. Its headed back to that level.