TSLA - Can it stay above 180?
Price action so far (28 Jan 2024)
- Since Oct earnings, VWAP has shown where the key levels are (which lends to my repeated posts on why 209, 232 and 255 are the ones to remain above)
- And as it turns out, failure to stay above each of them, means a break down with the latest earnings
- This is one of the various indicators I use to reference pending price action
Bullish
- Limited bullish-ness for now until TSLA can start covering gap (190 to 209) with 50% gap fill at 200
Bearish
- If we do not hold above 180 (VWAP from Jan earnings), then we are very likely going down to 160 and further down to 145 if 160 do not hold
My Approach
- Good opportunity to accumulate. Had been waiting for this breakdown for months. Patience plays out well.
- Will accumulate from 180 down to 145
Good luck, all!
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.
cathie bought on both days, and… haha
is she solely supporting that 180?