Did you miss $680 TSLA opportunity and waiting for another one?

15 May 2022

TSLA


Yes, TSLA split is coming in 2022. Maybe by October.
Should you buy now?
Not financial advice, but history tells us that the prices pops right back up right after a split.
So I plan to buy now at a discount.

Here is a deep dive into the latest TA on TSLA

Technical Analysis:

Daily Chart

EMA ( Exponential Moving Average ): Extremely bearish. 20 EMA crossed the 50, 200, and 200 EMA downwards. 50 EMA crossed the 100 EMA and both aiming for the 200 EMA (death cross).

TTM Squeeze: TTM momentum downwards seems to be stabilizing.

RSI: Went as low as 30 with the slow stochastic pointing up and now pointing upwards, crossing 37. Soo, is it oversold? Is now a great time to enter?

Fib Levels: Currently between .786 and .618 ! The war is on! The current candle most cross and hold above .618 fib levels for a bullish movement.

Candle Stick: Summary of last 5 candles equate to a bearish movement. The last pairs look like a Bearish engulfing

Pattern: Current candle is what we call a Piercing Pattern or Bullish Engulfing . This is bullish . Even better, see that redline... we could have a double bottom forming (Last bottom was Feb. 24th). The could lead to a bullish price action.

All indicators except for the EMA's show that we experiencing a reversersal or bullish movement. It may be short lived as the EMA's are still extremely bearish. So if you're looking to buy TSLA in the short-term in the 600s you might not see it anytime soon. The PPI, CPI, and Inflation data are already out and most tech earning reports are out as well. A drastic market news might bring about the opportunity again. In the meantime, I'll see about DCA's in the lower 700s in the meantime. No one knows the bottom.

At the moment, I really think, it depends on what happens at this critical point. A failure at .618 would mean that we are going down to .60 cents. If and when it holds hope we can see the price at .97 cents.

18 May 2022

Not

ignore last sentence please.