$TSLA TOP 20 UPDATE
Added 2023-08-01 21:09:28 +0000 UTCIt does not look pretty here for $TSLA in the short term.
Rejected three times trying to get back above the 200 Day MA on the 1hr chart, at our important $268 level.
We have maintained since the start of June that the $268 level would be an important level, back then the 200 Day MA was at $175.....and now it is at the level we've been warning about for weeks and is acting as a resistance level at this price. Nothing is coincidental in this game.
Bulls want to see this hold above the Blue line at $217. The glimmer of hope for the bulls and this maintaining its impulse wave count is that $TSLA rejected at the 1.27 Fib at $300, which is not normally a Wave 3 target level but there was a lot of resistance at this point, so if $TSLA can pull back to just above the blue line and hold, this can be regarded as Wave 4 and still go higher next.....Bulls will need to step in shortly and to be fair, they normally do.
Failure to stay above $217 and this is coming down a lot further.
Holding above $217 and this is a buy signal.
Comments
Thank you
Arif shaikh
2023-08-05 20:31:53 +0000 UTCUpdated every Sunday with the Top 20 list.
Gareth Neary
2023-08-05 20:28:56 +0000 UTCany further update on $TSLA considering the latest move on Friday ?
Arif shaikh
2023-08-05 20:27:06 +0000 UTCI need Tesla down to $230 to close a trade early. Bought 100 shares at $232, sold a covered call with $270 strike expiring 11/2024. Bought the call back and sold a $230 strike call expiring 12/2023 to lock in the ~25% profit on the trade. Would like to see Tesla back to $230 so I can close the position completely and early. This move brought my avg share price down to $169 so I'm happy regardless of the outcome now
erich smith
2023-08-02 00:33:37 +0000 UTC
