TSLA at Critical Level - Could Go Either Way
Updated
TSLA is at a critical point with the volume shelf and other factors that could mean either direction.
Bull Case:
Bear Case:
So:
If Bulls Win... (price breaks $1,037)
If Bears Win... (price breaks $1,021)
Bull Case:
- Retesting Breakout Level
- Falling Wedge on Daily/65m
- Bullish Divergence on 65m
- Some Bollinger Band squeezing on 65m
Bear Case:
- Net Premium flow favors puts heavily
- Bearish Engulfing Candle on Weekly
- MACD crossing down on Daily
- Hidden Bearish Divergence on Daily that may not have completely played out
- May be slightly below volume shelf - next shelf at $912
- Diminishing Volume on Daily
So:
If Bulls Win... (price breaks $1,037)
- PT1 - $1,045
- PT2 - $1,065
- PT3 - $1,087
If Bears Win... (price breaks $1,021)
- PT1 - $1,011
- PT2 - $1,000
- PT3 - $1,090
Note
PT3 for the bear case should say $990, not $1,090
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