$TSLA TOP 20
Added 2024-07-25 12:41:17 +0000 UTCA very harsh and bad reaction to their earnings report yesterday, it wasn't perfect by any stretch and the market was unforgiving to delays to their Robotaxi project but in essence, the company is still producing incredible numbers and revenue, it is still the leader and has a fantastic future.
Support needs to be found now tho.
Losing the triangle, the 0.38 Fib and the trend line at $228 has not been a good look but the last line of defence is the 200 Day MA at the 0.618 Fib at $207.
This is certainly a confluence level and as important as the $144 level we watched for in April.
So if $207 can hold, this can move higher and Dan Ives reiterated his $300 PT today too.
The golden cross is also still on here too and may happen within the next week.
Comments
So for Tesla right now at $224 does it mean the .5 fib held and found support and doesn’t look like it should hit $208?
AL
2024-07-25 14:42:22 +0000 UTC
