TSLA - Limited Bull Case; Mostly Bear Case
TSLA - Limited Bull Case; Mostly Bear Case
Price update (17 Mar 2024)
- Did not get above 209
- Bear flag played out, with extension levels coming into play
- Approaching key range 145-160 (shared in many past posts)
- Thurs/Fri hit the 160 box and bounced (will it hold?)
- Key is below 160, there is little structure to support TSLA ==> Means below 160 really depends on where the sentiments come back in
- Special Note : 20 Mar FOMC Rug Pull possibility
- Did not get above 209
- Bear flag played out, with extension levels coming into play
- Approaching key range 145-160 (shared in many past posts)
- Thurs/Fri hit the 160 box and bounced (will it hold?)
- Key is below 160, there is little structure to support TSLA ==> Means below 160 really depends on where the sentiments come back in
- Special Note : 20 Mar FOMC Rug Pull possibility
Bull Case
- Long road, need to get above 182 and then 209
- Long road, need to get above 182 and then 209
Bear Case
- Fib extension levels are 150, 134 and 119
- 150 is one of the last good level to reference from
- Note Jan 2023 buyers stepped in at 101
- Fib extension levels are 150, 134 and 119
- 150 is one of the last good level to reference from
- Note Jan 2023 buyers stepped in at 101
My plays
- Not selling puts for now since 160 below is lack of support (probably wait till 119
- Will nibble at key levels (150 down to 101)
- Not selling puts for now since 160 below is lack of support (probably wait till 119
- Will nibble at key levels (150 down to 101)
Good luck, all
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icezzz : Thanks for sharing. What do u think about NVDA and AMD ?
AsphenOP icezzz: too high for my liking for now ..... awaiting a pullback from overall market
Deposit : thank you for sharing