TSLA - Can it stay above 180?
TSLA - Can it stay above 180?
Price action so far (28 Jan 2024)
- Since Oct earnings, VWAP has shown where the key levels are (which lends to my repeated posts on why 209, 232 and 255 are the ones to remain above)
- And as it turns out, failure to stay above each of them, means a break down with the latest earnings
- This is one of the various indicators I use to reference pending price action
- Since Oct earnings, VWAP has shown where the key levels are (which lends to my repeated posts on why 209, 232 and 255 are the ones to remain above)
- And as it turns out, failure to stay above each of them, means a break down with the latest earnings
- This is one of the various indicators I use to reference pending price action
Bullish
- Limited bullish-ness for now until TSLA can start covering gap (190 to 209) with 50% gap fill at 200
- Limited bullish-ness for now until TSLA can start covering gap (190 to 209) with 50% gap fill at 200
Bearish
- If we do not hold above 180 (VWAP from Jan earnings), then we are very likely going down to 160 and further down to 145 if 160 do not hold
- If we do not hold above 180 (VWAP from Jan earnings), then we are very likely going down to 160 and further down to 145 if 160 do not hold
My Approach
- Good opportunity to accumulate. Had been waiting for this breakdown for months. Patience plays out well.
- Will accumulate from 180 down to 145
- Good opportunity to accumulate. Had been waiting for this breakdown for months. Patience plays out well.
- Will accumulate from 180 down to 145
Good luck, all!
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JW Invest : When viewing weekly and monthly chats, I think it can go further down in coming weeks
AsphenOP JW Invest: that's very good. I've been waiting for this period for quite some time.