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
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.
- melson·03-17TOPretracing fast and furious after rocket lost and hot inflation data1Report
- koolgal·03-18TOPThanks for sharing your valuable insights. 😍😍😍1Report
- koolgal·03-18TOPIf it hits below 150 is it time to buy?1Report
- Deposit·03-18TOPGood one thank you1Report
- Aqa·03-18TOPLiked and shared.1Report