$TSLA holders should be happy to see that Elon would his bonus package this week because Elon and $TSLA are the same thing, you want him fully invested with A LOT of skin in the game, if he focuses more and more on $TSLA instead of X, shareholders will be rewarded
The market appeared to think the same too when the announcement came out that he was awarded his package this week.
Price action bounced on the 50 Day MA and out of this triangle and finished the week with a retest of this triangle above $175.
Holders want to see bullish momentum next and the price moving up to its 200 Day MA over the next few weeks at $210.
$TSLA below its 200 Day MA does appear to be a good buy.
I believe the entire EV sector needs $TSLA to be bullish too, it rose the boats together in 2020, it may be able to do it again.
Gareth Neary
2024-06-17 20:01:50 +0000 UTCMichael Castaldo
2024-06-17 19:40:53 +0000 UTC