TSLA - Dead Cat Bounce? 200 is key level!
Price Action (Update 30 Jan 2024)
- Since the bad earnings on 24 Jan, TSLA had been gapped down, found initial support at 190 but then broke down to the next key support level of 181
- A good bounce coincided with Cathie Wood buying in to TSLA
- Has she created a dead cat bounce?
- TSLA is back to the start of the gap fill 191
- 191 is VWAP on 30min chart!
Bullish
- I will watch for 50% gap fill (200) and full gap fill (209) before i take it as a reversal is achieved
- So 209 is that key level to get above
Bearish
- Several rejection levels 200, 209 with 209 being the highest possibility
My approach
- Had nibbled since 191 down to 181
- Will continue to nibble if break down below 181 next time down to 160 and 145
Good luck, all!
TSLA Daily - 30 Ian 2024
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Actually, I wonder is it bcos price too high, the put out rumours that tesla will go below $100 so they can buy or buy more when people selling??