TSLA Rally Finishing up

Tsla ready for a drop from here - if Markets start breaking down - be prepared to see TSLA go back below $125 is my target within next 3 weeks
*we could see TSLA traders push price to $169, but this will be a retail trap.

Good Luck

*Long Term Bull, but short term swig-trade idea

Commento:

there is a bullish pennant that broke-to-the-upside (15min) - if TSLA opens above 161 tomorrow - we will see $169 before sell-off

Commento:

Ok, so... If markets keep rallying into FOMC meeting, then I think TSLA could possibly hit 180 (167-169 will be tough zone)

Check out this scenario:

Commento:

TSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off

Technical Bullish Patterns:
15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out)
Daily: H&S Pattern measured move to 175-181 (close below )

Technical Bearishness:
1 hr - Bearish Divergence on RSI , MACD , STOCH
200 WMA: 167
currently oversold on BB bands

Bearish Catalysts:
-1/27 PCE Prices higher than expected
-1/31 employment cost index higher than expected
-1/31 Bad Tech earnings
-2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market

Commento:

Wow- , well the $180 was hit , that was a lucky call, should have bought Yolo 180 calls today… lol Ok- so it’s time to prepare for short position.