TSLA has returned well over 100% since it 'bottomed' this year, however I don't think this is the real bottom.
Having the cheek to say it here but we will most likely dump when we reach resistance @gap fill $260.
Mixed with macro and slowing economic growth I can't see it reaching $300 this year unfortunately, $280 maximum IMO.
I have taken a small short position and looking to close out when we hit the 50EMA, then I think
TSLA
will resume uptrend towards $237-240 if it breaks resistance it will gap up but that will be short lived. Look to enter TSLQ or the short x3 leveraged ETF if it rejects the $260 zone.
Timeframe : 1-3 months lasting from end of Q1 into Q2.
From Q2-Q3 it will be sidewards with a pickup in Q1 2024.
My predictions are in... Best of luck traders!
RR ratio : 6.72
Having the cheek to say it here but we will most likely dump when we reach resistance @gap fill $260.
Mixed with macro and slowing economic growth I can't see it reaching $300 this year unfortunately, $280 maximum IMO.
I have taken a small short position and looking to close out when we hit the 50EMA, then I think
TSLA
will resume uptrend towards $237-240 if it breaks resistance it will gap up but that will be short lived. Look to enter TSLQ or the short x3 leveraged ETF if it rejects the $260 zone. Timeframe : 1-3 months lasting from end of Q1 into Q2.
From Q2-Q3 it will be sidewards with a pickup in Q1 2024.
My predictions are in... Best of luck traders!
RR ratio : 6.72
Comment:
Trade cancelled : I was wrong, trendline has been broken and this play is invalidated.
