$TSLA - week of 2/11/24
Keeping this simple on 
TSLA this week. Looking for a break and hold above 194, then targeting 206 for this week. Will also be dependent on the environment, including CPI data Tuesday.
Short-term bullish. Monitoring reactions at 206 is critical to determine longer trend.
TSLA
TSLA this week. Looking for a break and hold above 194, then targeting 206 for this week. Will also be dependent on the environment, including CPI data Tuesday.Short-term bullish. Monitoring reactions at 206 is critical to determine longer trend.
- Possible Megaphone pattern forming on Daily, following a strong downtrend
- RSI curling upwards after dipping in the 20's.
- TSLA has historically bounced when RSI reaches the 20's
- Daily bounced off of 9ema and held
- EMA's trying to curl up
- Volume spike on 2/5 as it touched trendline, showing bulls pushing the price higher
- If 194 holds, looking for 206 - maybe Tuesday or Wednesday. Big gap fill in this zone
- 206 will be key to watch. If we see a hard reject with a vol spike on the daily, I'll be looking at a longer dated short to 167.50 (next week cons)
- Targeting weekly 200c's, likely full exit at 206.
TSLA 
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