Rejected at our important $268 level today and has come down with the market today.
I am not as optimistic about $TSLA as I am about the other stocks we talk about, simply because the chart is not clearly in either impulse or corrective wave.
If $254 is lost, the trend is favouring the downside and it will be up to the 50 Day MA at $242 to try and act as a support. Failure to hold this level and we will see a move down to $224.
For now, hold off on any buys for me, I would need to see $268 regained to favour the bull case.
Chris H
2023-07-28 09:52:38 +0000 UTC