$TSLA TOP 20
Added 2023-04-15 22:12:35 +0000 UTCSo far $TSLA has been following our projection nicely here, it has been looking weak since breaking down from the bear channel and the 50 Day MA has been acting as a resistance line on the daily chart now.
We already spoke about the 50 Day MA crossing below the 200 Day MA on the 1hr and this is a bearish indication.
The curve ball here is $TSLA is due to report their earnings on Wednesday and $TSLA has a terrific record of smashing their earnings and has not reported a negative earnings since Feb '21.
So it will be interesting to see if there is any bullish or bearish moves leading up to Weds.
So What Now?
For this to become bullish again, it would need to hold above the 50 Day MA and try and recapture the 200 Day MA then.
I think a lot of people would love to get this at the 0.618 Fib at $146 but it may only get there if the earnings are flat or negative.
Monday or Tuesday will be interesting. 5 price cuts this year and Musk's brother selling just before earnings may continue to question how good their earnings report will be.
Comments
Hats off to you Cap! You are the Goat!!!
Constantinos Laskaris
2023-04-20 00:32:35 +0000 UTCYep fair points.
Gareth Neary
2023-04-15 22:40:30 +0000 UTCYep, that being said he is still in a position to receive important information and has made a habit of selling at tops.
Gareth Neary
2023-04-15 22:39:59 +0000 UTCI still see 207 as the b of the b of the big B. From 207 to 178 I see a wave 1 of c of b of the big B. The 2 of this c should go to 195, 200 or at max 207 imo. There’s a triangle that’s about to break/end early onMonday I think. It should fuel the rally to 195+. Talking days probably till earnings which should miss. The 147 seems quite possible but since it is no normal wave 2 I guess it’s indeed not necessary to hit it to fulfill the Elliott wave rules. Looking forward to this playing out. 136$ is also an important level to watch if 147 is broken.
rumorandvalue
2023-04-15 22:29:22 +0000 UTCCap Elon brother sale of the stock was scheduled from back in December.
Constantinos Laskaris
2023-04-15 22:25:47 +0000 UTC
