Tesla had a great earnings call. Unfortunately, Tesla’s value is very high and it’s having a hard time through these market selloffs. At this point Tesla needs to hold $814 (200 day) and then it needs to break above its $903 resistance.
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Trade active
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It's currently below the 200 day. It needs to close above the 200 day ($829) end of this week or $763 and $718 will be it's next target.
TSLA is just above support on the 2 and 5 year charts. Agree, way overvalued but what isn't!? $35-70 stock tops! No position was short at $1170 ish watching for now GL
janatztxx
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Hello, thanks for your idea ! So looking at Tesla Heiken ashi do you think Tesla would continue sell off ? Im looking to getinto puts
MoneyFishing
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@janatztxx@janatztxx imo I think there’s a lot of selling the rally going on (all stocks and cryptos) I think we’ll have a better read this month (Feb). $965 is the short term resistance and $1035 is the biggest IMO.
janatztxx
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@MoneyFishing, hi, thanks so much for your work! do you have discord or YouTube channel I could look into? also can you look into XELA? thank you :)
MoneyFishing
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@janatztxx, Thanks, unfortunately I don't have a discord or YouTube. Maybe in the future. Here's XELA, looks promising and I have it on my watchlist.
MoneyFishing
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@janatztxx, I think at this point we have two levels to look at.. 1) On the retest of $903 will it hold? 2) If bulls can't hold $903, Bears will go after $814 again and if the S&P can't hold, Bears will take out $814. Then that $770 bounce might be very interesting.
CryptoCheck-
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Great work. Should be interesting to see if the 200MA holds.