Tesla nearing long term support, critical times | Observation
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Tesla is nearing a very long term weekly support with lots of fud last 2 weeks and last statement report didn't bode well. When putting trend, time * price in to consideration, from TA point of view believe it or not nearing undervaluation since IPO, but can be debated since the angle * is pretty steep while it was in distribution mode a long time, so top measurement is taken as well (cyan diagonal lines).
Looking for buys for Tesla, but first gotta see if this purple support gonna hold, if not, a break and close (no sfp) could result in further drop to $205-$215 with possible capitulation in to purple box which I'm going to buy (yep, I put low ball bids for longer term trades to get more roi). This latter scenario is not what I expect to happen, that's why I do this and if it support is held higher, then I will happily trade it as well. For me it's a safer pick for portfolio, because it has government subsidizes and powers that be push this agenda/world vision. I know many people hate it, but can't deny that all illminati stocks are performing best since WWII...
Looking for buys for Tesla, but first gotta see if this purple support gonna hold, if not, a break and close (no sfp) could result in further drop to $205-$215 with possible capitulation in to purple box which I'm going to buy (yep, I put low ball bids for longer term trades to get more roi). This latter scenario is not what I expect to happen, that's why I do this and if it support is held higher, then I will happily trade it as well. For me it's a safer pick for portfolio, because it has government subsidizes and powers that be push this agenda/world vision. I know many people hate it, but can't deny that all illminati stocks are performing best since WWII...
Nota
Bounced of purple (weekly) support, watching pa closelyNota
So far looking good, a spring has been printed. A break and close today above 247 is bullish.Nota
Flipped bearish, waiting for my idea to unfold atm for entry.Nota
Trade chiuso: obiettivo raggiunto
That was fast :) Looking how it develops before buying. If $180-190 gets nuked, then bagholders might be in some big, big trouble.Nota
Damn, CNBC manipulators right at it, might wanna buy here now at the lows for a trade oO twitter.com/CNBCFastMoney/status/1130587229565403137
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