TSLA is following all the price action indicators very well; Target 190!
- Have been performing well since the bounce off the neckline support of 163
- Clearly in a near term buy controlled buy channel but in a larger controlled sell channel
- Confluence remains 190
- 19 Apr gap down bear flag has since retraced above 177 which is Fib 78.6 (tends to mean likely a full retrace to 190
My Watch/Plays
- Will MA5 cross above MA50 (blue)?
- Will price action stay in the buy channel?
- If it comes back down to re-test 163 and fails below? ==> This is a bearish one and 146 bound
- Look to add more long puts should price action test and stay above MA5 and MA20
- It is all about 190! Break above and we will have some squeeze from 195 to 209
Good luck, all!
@Deposit @melson @CaptainTiger @TigerStars @LMSunshine
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How does TSLA's recent production issues and CEO controversies impact the stock's performance?
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