$TSLA TOP 20 UPDATE
Added 2023-05-22 19:25:29 +0000 UTCUp now 5% today, I am seeing very little chat about $TSLA today which surprises me because there set up is a lot clearer than a lot of other stocks.
I have added in a parallel trend line, which just sits below the 200 Day MA, this is looking like a confluence point shortly, if the price breaks above here, it is looking very strong, this parallel flag is also a bull flag and broke out of a bull wedge.
So if you are being cautious, I respect that, you want further confirmation, so watch where the 200 Day MA meets the top of the yellow trend line, a flip here to support and the bulls are in control I feel.
Comments
It’s hard to buy at this levels as this is quite overvalued.
Huat
2023-05-23 01:07:46 +0000 UTCThing about TSLA are it's fanboys. They hype Elon, he is a Mesias to them, but not sure if they have really listened to what he said... behaves like a meme stock... difficult to predict.
Bjoern Szymkowiak
2023-05-22 20:10:46 +0000 UTCOnly a few days ago Elon said "Tesla is not immune to the global economic environment". I think he sees something coming.
Oba
2023-05-22 20:02:07 +0000 UTCFingers crossed. Hoping for the same.
Bjoern Szymkowiak
2023-05-22 20:00:03 +0000 UTCWith NIO and LCID due to go down as much as 25%+ I can only see TSLA going down as well. Not because of the other two, but more of a wider EV sector pull down or wider market drop. I do not know the catalyst for this, but it's coming.
Oba
2023-05-22 19:30:42 +0000 UTC
