Simple analysis - TSLA has resistance at 232 now
Price action - 13 Jan 2024
- Simplicity in TA is once you breakdown from a key level, the top becomes overhead supply and price action need to retest and break through, else is further bearish
- Same goes for TSLA
- Why my previous sharing has been repeatedly saying the key range is 232 to 240/244/255 is that TSLA has not managed to stay above and has now broken below 232
- KEY ==> 232 is now the resistance to back-test!
- Failure to break above 232, and STAY above 232, is further bearish down to 209, 199, 190
What I look for
- Good times ahead. Am hoping for the move to 190 as I will then sell puts at strikes 180 and down for good premium.
- Will see how TSLA approach 232 again next week; Very tough resistance.
- Note that any break of 232 will need to stay above 244 for any bullish tendencies.
Good luck,all!
TSLA Daily Chart - 13 Jan 2024
@CaptainTiger @melson @macroB @TigerStars @Deposit @LMSunshine
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Great ariticle, would you like to share it?
will it now go back up to test 232?
@TigerStars @LMSunshine @CaptainTiger @macroB @Deposit
$Tesla Motors(TSLA)$