Tsla ready for a drop from here - if Markets start breaking down - be prepared to see TSLA go back below $125 is my target within next 3 weeks *we could see TSLA traders push price to $169, but this will be a retail trap.
Good Luck
*Long Term Bull, but short term swig-trade idea
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there is a bullish pennant that broke-to-the-upside (15min) - if TSLA opens above 161 tomorrow - we will see $169 before sell-off
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Ok, so... If markets keep rallying into FOMC meeting, then I think TSLA could possibly hit 180 (167-169 will be tough zone)
Check out this scenario:
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TSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting) I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off
Technical Bearishness: 1 hr - Bearish Divergence on RSI , MACD , STOCH 200 WMA: 167 currently oversold on BB bands
Bearish Catalysts: -1/27 PCE Prices higher than expected -1/31 employment cost index higher than expected -1/31 Bad Tech earnings -2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
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Wow- , well the $180 was hit , that was a lucky call, should have bought Yolo 180 calls today… lol Ok- so it’s time to prepare for short position.
I must still learn how to use the Fibs verses Volume? This seems to show how the DAY traders "Shorts" affect the price?
Black_Sheep1
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@hitchcoxg, your Fibonacci are a good guideline as to target areas * use different time frames to find large supply and demand zones they tend to correlate- and then watch how the volume size relates into price-action when the stock is in a particular trend
here is an example:
Black_Sheep1
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@Black_Sheep1, Large Frame Example: 3 attempts to break above 161 area - Resistance =supply - & Selling Volume is increasing long wicks tend to be the footprint of Large traders & institutional buying/selling
born4dizlif3
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its returning to pre twitter prices, then will meet resistance. alot of believers pulled out and are getting back in. if you dont think this is hitting 200 this week then idk where you been, but tesla will be the best investment for the next 100 years. this is like buying apple at 20$ 2 splits ago lol
Kachin_Trader
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I have a napkin for you to wipe your tear on Monday. Just leave a message. 😂😂