The Long Investor

$TSLA TOP 20

Added 2023-09-18 01:31:53 +0000 UTC

All eyes will be on where the white circle is at $288, this is the trend line that $TSLA rejected heavily at in July and a resistance line that has been in place since November 2021.

We said before that $TSLA would reject at this line and it did so at its earnings in July.

Getting above this line is certainly bullish for $TSLA once it can hold above this level.

Failure to break out, does not mean that the bulls have lost this, it could mean that Wave 2 has not completed yet and this pulls back to the alternate Wave C and Wave 2 which will be at the 200 Day MA around $208.

So we can see on $MSFT, $AAPL and $TSLA that all three certainly have a risk associated with their charts right now and if they show weakness this week (particularly $AAPL losing its previous low) I think it is likely that all three will come down to their respective 200 Day MA, but please remember: this is only a pull back and it will go higher next and continue higher until the end of the year....so this is an opportunity, not a correction.