• TSLA broke our first target at $140, which we mentioned last week (the link to my previous analysis is below this post, as usual); • Now, TSLA is above $140, trying to seek the next retracement, the 50% Fibonacci’s Retracement at $150; • So far, there’s no clear top sign, but TSLA will report earnings tomorrow, and the volatility is supposed to increase; • If TSLA loses the 38.2% retracement again, along with the 21 ema, it might completely frustrate the bullish sentiment, therefore, these are the key support levels to watch from here; • However, in the lack of bearish signs, we must assume the $150 is our next target; • I’ll keep you updated on this every day, as usual.
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I love TSLA and sold premarket today at $141 after buying at $115. I don't think to many cars have been sold by any car company this Quarter. With China finally forced to reopen because of the uprising and the TSLA discounts it may help a little, but definitely not enough. 80% of the electrical vehicles on the road in the USA are TSLA and with so many other small electric companies on the verge on bankruptcy(Rivian) TSLA is still the dominate play and has the best battery and tech in the world. I see a pullback after earnings, but there is when I plan to get back in. Later 2023 and into 2024 will see better numbers.... LONG TSLA
Nice Charting Nathan! Thanks!
elisanascar
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Thank you Nathan. I’m new to investing and trying to find a good entry point.
Nathan_Black
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@elisanascar, I appreciate the support! I wish all the best to you 👍😎👍
Nice Charting Nathan! Thanks!