TSLA well it looks like Friday is a good day for bulls. Close enough to the bottom stock bounced off going upward to 324 range. Technically it was not a bounce since stock didn’t head down but hung out. Volume has another story to tell with a slight reduction leaning to a sling shot in what direction you may ask. Well since this is a bit of Uncharted territory one must turn to the Friday prior. Same exact candle just smaller meaning probable a smaller move in a direction. The direction it chooses. RSI still hinting to upward. What I would say is if we look at after hours it’s holding position. Unsure 🫤 sentiment. Look prior to open see which way it goes. If on the open it opens higher stock is going up if not it’s going down. But be ready for the reversal it’s going to be a short lived push in that direction. The reversal will be the big push! I’m hoping we go down it’ll reject and push through 320 to 340 range. In that scenario I would consider setting couple TP 320 range and 340 range and what ever I have left leave it on a short trailing stop loss incase it breaks down at 340 and exit position completely till the next tier down. Good luck I’m currently at half my position looking to buy back around 298-304. Spread buy.
TSLA analysts Tom Narayan and Brad Erickson highlight the company's potential with FSD and robotaxis and also share thoughts on whether the electric vehicle giant could work with Uber Technologies UBER and Lyft Inc LYFT
TSLA will go higher above the recent high before it drops with the rest of the market. I have paid particular attention to that and Coinbase today, two of the only stocks that went against the rest of the market, and they are closely correlated lately, I guess as they have many of the same buyers. Coinbase is clearly heading towards new highs with Bitcoin.