Tesla loves the 100 and 200 SMA's but also loves the head and shoulders. What do you see?
Buy long down to $235ish, within reason and wait. If it breaks $210 (not likely) buy all that you can!! This could be at $350 before Thanksgiving, but definitely by summer 2024...
Just reading the charts. This will continue up, with some chop, but there are long term bears sitting near $460ish.. be ready for a pullback to the baseline before continuing up..
Not sure if my last idea got published. TSLA is strong. We all know what it does after a low. Unless there are immeasurable forces involved (Algos). We should be in a bounce within the next day or two and return to the normal bullish strength that TSLA shows from a low.
Don't panic! TSLA is strong. Do you mind owning it below $250? NO! Neither does anyone else. Buy low, sell high!
We know the strength of this stock but the MM's have to reload to sell more to us later. Buy off the 100sma and be prepared for an unscheduled visit to the 200 sma. Then be watching for the bears waiting at the neckline to drive it down, before launch. Happy Trading!
I expect TSLA to pull back to the .50 and then the .618 fibs. Build the base of your shares as you see appropriate and sell near the top of the channel.
I'm expecting AI to bounce off the 200 SMA , near the .618 fib.