Everyone has read enough about TSLA's overvaluation. This chart simply shows relevant levels - given the broader downtrend, I'm looking at a break of $232 in the near term (possibly today), followed by a retest of the $215. Any upside will be capped at the $250 resistance.
I'm expecting bounces between $215-$235 up till the end of March, and a break of $215 in April towards $180 in anticipation for abysmal earnings.
I'm short TSLA from $245 with a first TP of $200, and holding past earnings for sub-$180.
I'm expecting bounces between $215-$235 up till the end of March, and a break of $215 in April towards $180 in anticipation for abysmal earnings.
I'm short TSLA from $245 with a first TP of $200, and holding past earnings for sub-$180.
Trade active
Right on the trend and nice break of the $232 today! I'm not expecting a test of the $215 today - likely a bounce within the next 3 days towards $230-235.Trade closed manually
Closed my positions when TSLA broke the 245. Didn't expect such a strong showing alongside the SPY, since price action has moved out of the channel, this trend is no longer valid.
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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.