• TSLA did a false breakout from the $200, and this key point is working as a resistance again today. The $200 is our most important key point, as I already mentioned in my previous analysis (link below this post, as usual); • Today’s movement is rejecting Friday’s candlestick, which was a powerful candle that broke the $200 resistance. This gives the impression of an Exhaustion Bar; • In order to avoid a sharper correction, TSLA would need to do a bullish reaction as soon as possible. Otherwise, it could drop all the way down to the $187 again; • The $187 is our key support, and only if TSLA loses it, the trend will reverse and become bearish again; • So far, TSLA has been doing higher highs/lows. It broke the previous top last Friday, and if TSLA finds a support above the $187 area, this will reinforce a bullish thesis; • In this scenario, TSLA would just keep trending, and the $217 would be its next target. It all depends on how it’ll react in the next couple of days; • For now, it appears TSLA triggered an Exhaustion Bar, and as the name suggests, this indicates exhaustion. I’ll keep you updated on this, as usual.
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Excellent as usual! Nathan, you are the real deal. Look forward to the NVDA idea...
Nathan_Black
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@wardaK, Thanks, Wardak! I'll write another analysis soon! :)
veganvampire
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It’s exhausting 💩
elisanascar
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@veganvampire yes, I’m exhausted missing the boat too.
veganvampire
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@elisanascar, nothing to worry about, it's a 'station' more ferry re~tracement to follow. Keep calm and opportunity will only improve. we're in a sideways market anywhow...
CowabungaDad
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Thanks for sharing! I agree on the Exhaustion. Sold last week @206 on recent rally based on delivery expectations, 3 rally gaps, Bollinger Bands, Regression Trend, and RSI. Just too many warnings to ignore! I think it could be heading lower, maybe 180???