This is what we have been watching for the last couple of weeks now and I am keeping to this until proven otherwise.
The big elephant in the room is the 200 Day MA.....I have spoken a lot about the possibility of a lot of stocks reverting down to this level if things take a turn for the worst this week, $TSLA looks like it is most certain to reach this level at $197.....the most important part is whether or not it holds at this level.
If it does not hold then $TSLA continues to be in a world of pain.
A comfortable hold at $197 and that could be the end of the pull back and its onwards upwards with the market when it reverse up again.
Loïc Verbeke
2023-08-21 18:59:04 +0000 UTCmakis
2023-08-21 06:14:53 +0000 UTC