• TSLA broke our key resistance at $182.50, which we mentioned yesterday, and this is very important, as indicates that the trend might persist (the link to my previous analysis is below this post, as usual); • Now, TSLA is in a clear bull trend, and there’s no top sign indicating a possible correction; • In fact, this Monday TSLA did a Dark Cloud Cover candlestick pattern. That could be a top sign, but TSLA rejected completely this pattern yesterday; • Now that TSLA is breaking our key point at $182.50, it is heading to our next target at $200; • Even if TSLA corrects, any pullback would be an opportunity to buy, because the bias is clearly bullish in the short/mid-term; • I’ll keep you updated on this, as usual.
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So if all earnings were bad, do you think we will going down to $180 and staying down there OR go down to $180 and bounce back up and go to around $190?
wordsforthewise
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Tesla doesn't seem to follow any candlestick patterns. It seems to be driven by weird options buying activity, with huge amounts of weekly OTM calls being purchased when it gets on these big tears. Smells like weird manipulation by big players to me.