$TSLA TOP 20
Added 2024-04-24 10:48:40 +0000 UTC$TSLA did not have a strong earnings but this was expected and that may have been baked into the price too but the biggest surprise was Elon reversing his decision to refocus back on the Model 2 now, the low cost mass producing model.
Dan Ives from Wedbush was very vocal on the need for Elon to do this leading up to earnings and so far the market has really liked this decision, up +12% in the PM now.
The plan was to see a hold at $144, failing this and below $100 was possible.
Just before earnings were released, the price closed at $144 and has bounced significantly now.
I would like to see the 0.618 Fib at $165 flipped back to support to confirm a reversal before an attempt can be made to get above the 50 Day MA.
Still a bit of work to do for the bulls but good start
Comments
What about the huge amount of short interest. Can they cover in pre market or not? If not we could expect maybe a little squeeze in the opening..?
Matt
2024-04-24 11:38:09 +0000 UTCCan I find this charge somewhere thx
Hannes Van Lierde
2024-04-24 11:20:31 +0000 UTCIts from the previous EW cycle
Vojtěch Šimeček
2024-04-24 11:18:26 +0000 UTCBeen buying slowly everyday and added a more significant amount when it reclaimed your 144 👏
Adam L
2024-04-24 11:16:50 +0000 UTCThe 0.618 is at 177 on my chart, I draw my fibs from 101 ( (january 9 2023 ) to 299 (20 july 2023) , did I do something wrong? v
Hannes Van Lierde
2024-04-24 10:56:11 +0000 UTCWe will see how it handles $165 but if it doesn’t convert $165 to support then we can expect a pull back…I would also wait for support to be confirmed before buying in. The earnings was not great so there will still be some concern here
Gareth Neary
2024-04-24 10:53:35 +0000 UTCBut theres probably gonna be a retest right? I sadly didnt catch the 144
Vojtěch Šimeček
2024-04-24 10:51:17 +0000 UTC
