TSLA: 65% drop post split. $90 possible
Updated
Happy 2023 everyone, and thanks for supporting the channel.
Looking at TSLA on the weekly timeframe we see that the price of TSLA is now inside a new descending/downtrending channel.
The price of TSLA is currently trading below the 200 week EMA (Bearish sign), The RSI is in the oversold territory (Bullish sign), and we have a doji candle formation on the weekly timeframe which still can change before weekly closes.
We have an accumulation zone from $110 To $168 which looks similar to the accumulation I saw back in August 2020-November 2020. Hopefully this doesn’t last as long.
The Fixed ranged volume profile provides us with a point of control at $180. This is also where we have FIB golden pocket.
Looking to see a confirmed doji candle on the weekly timeframe before believing the bottom is in. Otherwise I believe the bottom for TSLA can easily be the August 10 2020 low at $90.
If the bottom is in then I am looking forward to see how the price reacts at 200 EMA and the $180.
I am long term bullish but I love buying as lonq as possible. Defiantly will not be surprised if we go below $100 and I'll buy more.
Thanks for reading, and Stay tuned. Please share your thoughts and comments.
Looking at TSLA on the weekly timeframe we see that the price of TSLA is now inside a new descending/downtrending channel.
The price of TSLA is currently trading below the 200 week EMA (Bearish sign), The RSI is in the oversold territory (Bullish sign), and we have a doji candle formation on the weekly timeframe which still can change before weekly closes.
We have an accumulation zone from $110 To $168 which looks similar to the accumulation I saw back in August 2020-November 2020. Hopefully this doesn’t last as long.
The Fixed ranged volume profile provides us with a point of control at $180. This is also where we have FIB golden pocket.
Looking to see a confirmed doji candle on the weekly timeframe before believing the bottom is in. Otherwise I believe the bottom for TSLA can easily be the August 10 2020 low at $90.
If the bottom is in then I am looking forward to see how the price reacts at 200 EMA and the $180.
I am long term bullish but I love buying as lonq as possible. Defiantly will not be surprised if we go below $100 and I'll buy more.
Thanks for reading, and Stay tuned. Please share your thoughts and comments.
Note
TSLA is going to $264. Be ready.Note
Top of our descending channel sits at $275. Very realistic short term target.Note
Perfect @214 price rejection but notting concerning. We discussed this yesterday in the live chat. Bullish price target of $280 is still in the reach. Lets do it.Note
Price is going sideways as predicted. Maximum another 3 days until it hits the ascending line of resistance on the daily. I expect a rally afterwards.Note
I think it is time for the move I was talking about last week. We have reached the end of the apex. Get ready.Note
Most likely $215 is incoming again. Stay tuned.Note
Wow we did it agin... Over $205 yet again but what is next. I think at least one more time we can catch the wave. Lets go !!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.