TSLA - Limited Bull Case; Mostly Bear Case


Price update (17 Mar 2024)

- Did not get above 209 

- Bear flag played out, with extension levels coming into play

- Approaching key range 145-160 (shared in many past posts)

- Thurs/Fri hit the 160 box and bounced (will it hold?)

- Key is below 160, there is little structure to support TSLA ==> Means below 160 really depends on where the sentiments come back in

- Special Note : 20 Mar FOMC Rug Pull possibility


Bull Case

- Long road, need to get above 182 and then 209


Bear Case

- Fib extension levels are 150, 134 and 119

- 150 is one of the last good level to reference from

- Note Jan 2023 buyers stepped in at 101


My plays

- Not selling puts for now since 160 below is lack of support (probably wait till 119

- Will nibble at key levels (150 down to 101)


Good luck, all

TSLA Daily - 17 Mar 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$Tesla Motors(TSLA)$  

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  • melson
    ·03-17
    TOP
    retracing fast and furious after rocket lost and hot inflation data
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    • Asphen
      yeah... and rug pull coming up too
      03-17
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  • koolgal
    ·03-18
    TOP
    Thanks for sharing your valuable insights. 😍😍😍
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    • Asphen
      thank you!!
      03-18
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  • koolgal
    ·03-18
    TOP
    If it hits below 150 is it time to buy?
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    • koolgalReplying toAsphen
      Thanks for sharing your tips. 😍😍😍Best of luck 🍀🍀🍀
      03-19
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    • Asphen
      I have started nibbling and also at 161...my next level is 150 and 145

      today going up well though for now

      03-18
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  • Deposit
    ·03-18
    TOP
    Good one thank you
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    • Asphen
      yay!
      03-18
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  • Aqa
    ·03-18
    TOP
    Liked and shared.
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    • Asphen
      thank you
      03-18
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