TSLA free-falled to $540 last friday which was its long term support for almost a year. TSLA bounced up to just under 600 but couldn't hold over...I personally do not think we will climbing back up to 900 anytime soon but who knows, TSLA is a wild stock.
Expect to see a small run to the .618 fib at $630 then a continuation down to the .382 fib around $450. I have been short TSLA since $780, I think TSLA will run back up to the moon but it needs to correct and come back to reality first.
Failure to break $630 resistance, SHORT to $450
Expect to see a small run to the .618 fib at $630 then a continuation down to the .382 fib around $450. I have been short TSLA since $780, I think TSLA will run back up to the moon but it needs to correct and come back to reality first.
Failure to break $630 resistance, SHORT to $450
Trade active:
Could be on its way to retest 720, but its having an awful a lot of trouble holding over 700, my bounce play may have been slightly off but I still see this coming back to the 450 range
Hopefully we break that 720 and im wrong but until then, im still short TSLA
Hopefully we break that 720 and im wrong but until then, im still short TSLA
Trade active:
Re tested 705 again... buying volume is just not there as it used to be.
With SPY testing ATHs and TSLA still not budging, its looking bearish to me lets hope Im wrong though...right...ha ha.
With SPY testing ATHs and TSLA still not budging, its looking bearish to me lets hope Im wrong though...right...ha ha.
