$TSLA #Breakout #ReTest Price Target Still: $300 EOYLotta people talking about NASDAQ:TSLA , here are my thoughts...
NASDAQ:TSLA clear STRONG BREAK of MULTIYEAR RESISTANCE LINE... Now retesting to ask "Is it real?"
There should be a STRONG BOUNCE on NASDAQ:TSLA in coming day via technicals (see past charts if you think technicals are "BS") = (Equally,) if there is NO Bounce, that is a BIG sign of weakness as it would be a BRUTAL BULL TRAP... Paytience pays, will post updates if I stab long on this setup...
Tech has had a healthy sell off imo. There was only a few mins of "Panic" that I noticed personally throughout the whole market. NASDAQ:NVDA abandoned baby idea highlights panic dump and Warren Buffett "buy when others are fearful" motto...
3 weeks in a row with BIG RED days should mean a lot of "Protection" was bought via puts... This is HEALTHY!!! (No overleveraged DELTA/BUBBLE...)
I believe another #WHITEBOYSUMMER #SHORTSQUEEZE could have been BUILT ;) I will be legging into some serious longs this week if it looks like we bottomed out by the end of this coming week. End of month usually makes for some good trade opportunities...
To confirm market strength is back, look for what was working all year ie; Mag7 + AI ... Gold should also be on watch imo...