Everyone is calling it quits on TSLA too we believe. After finding some strong support on the $188.20 Price Levels and reversing in today's trading session, we expect a $213 retest if we can close above that level for the next few days. The latest bullrun after earnings was pretty strong, and even the overall markets had a pullback of their own.
Interested to see how this week's CPI results come into play, but if we receive another decline, I believe liquidity will start picking up and investors will rush to buy stocks that they missed on the low-end (like the TSLA $101 Lows).
I do understand there are some gaps to fill between the $150-$ 160s but it looks as though TSLA is taking a breath before the next stretch of retesting the $213s.
Interested to see how this week's CPI results come into play, but if we receive another decline, I believe liquidity will start picking up and investors will rush to buy stocks that they missed on the low-end (like the TSLA $101 Lows).
I do understand there are some gaps to fill between the $150-$ 160s but it looks as though TSLA is taking a breath before the next stretch of retesting the $213s.
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Momentum Indicators were removed.
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As expected...
Looking for resistance here (specifically for the $204.84 Fib Level Resistance which we're currently sitting around. Wondering if an overall pullback is setting up for the broad markets so I will be analyzing the SPY/QQQ today with other price action analyses.
Thanks for viewing, share if you like the trades, and feel free to drop your feedback whether that's good or bad! :-)
As expected...
Looking for resistance here (specifically for the $204.84 Fib Level Resistance which we're currently sitting around. Wondering if an overall pullback is setting up for the broad markets so I will be analyzing the SPY/QQQ today with other price action analyses.
Thanks for viewing, share if you like the trades, and feel free to drop your feedback whether that's good or bad! :-)
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Overall: Tapped the $214 Resistance Level again as we expected and showed some resistance yet again. Although there was a pullback, TSLA is showing the potential to retest it again. We're awaiting confirmation on that before confirming a Short Downward Trend to finally fill those $150-$160 Gaps if we even make it that far.
Overall: Tapped the $214 Resistance Level again as we expected and showed some resistance yet again. Although there was a pullback, TSLA is showing the potential to retest it again. We're awaiting confirmation on that before confirming a Short Downward Trend to finally fill those $150-$160 Gaps if we even make it that far.
