Long

$TSLA hitting key Fibonacci Levels

Updated

Looking at Fib levels using the monthly chart we can see the run up from 2020 to 2022 the retrace on fib was respected. If we draw the same for the most recent run up it looks like we are at or approaching multi year lows. This coincides nicely with the bad news cycle and low point on revenue for TSLA. So on fundamental and Fib basis this is a good entry point to start averaging in a long term position. Be gentle :)

Trade active

Dollar cost averaged at 160 from Apr/May 2024 lows, looks to me like this has further to run. Anticipating scaling out above 400 within the next few months.

7 days ago

Note

400 reached on Dec 9th, this move happened extremely quickly, starting to scale out this week.

watermeloncapital

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