The last two days of this week we have seen a hesitant push with a bullish sentiment.
Hesitant because of the sluggish price movement to the upside.
Friday retailers were waiting a pullback in price that did not materialized further squeezing shorts and yet the squeeze did not have the necessary strength to force the bears to cover.
My expectations for Monday morning as price action stands now would be for a continuation of the upward movement or even a fake out to the upside.
TSLA can climb as high as 303 and this might encourage buyers to push to the 314 mark.
I'm speculating on what might happen here, price action will tell us what really is going to happen.
If we do se the rejection or expected pullback for healthy continuation expect price to drop to 290 and maybe a bounce at this level. If we are unable to hold this level then 284 and 279 will be our targets.
Hesitant because of the sluggish price movement to the upside.
Friday retailers were waiting a pullback in price that did not materialized further squeezing shorts and yet the squeeze did not have the necessary strength to force the bears to cover.
My expectations for Monday morning as price action stands now would be for a continuation of the upward movement or even a fake out to the upside.
TSLA can climb as high as 303 and this might encourage buyers to push to the 314 mark.
I'm speculating on what might happen here, price action will tell us what really is going to happen.
If we do se the rejection or expected pullback for healthy continuation expect price to drop to 290 and maybe a bounce at this level. If we are unable to hold this level then 284 and 279 will be our targets.
Comment:
Such beauty!!
Comment:
If we can build above 309 then 314 is eminent
Trade active:
308 incoming
TSLA has held its bullish structure despite what has been going on around it.
While all other stocks plummeted TSLA has maintained its micro bullish structure creating HH and HL.
I expect to see price test and surpass the 308 mark during next week session Sep 19-24
And possibly explode to the 325 mark on its way to retest its macro resistance near
TSLA has held its bullish structure despite what has been going on around it.
While all other stocks plummeted TSLA has maintained its micro bullish structure creating HH and HL.
I expect to see price test and surpass the 308 mark during next week session Sep 19-24
And possibly explode to the 325 mark on its way to retest its macro resistance near
Comment:
Comment:
Looking for a break above 308.02
If price holds next target will be 314
If price holds next target will be 314
Comment:
Another attempt this Monday for 308
Comment:
Failed attempt next stop 303
Comment:
We close todays session with a candle close above 309.
Buyers jumping in might be looking for a gap up at sessions opening.
Still target remains the same 312-314
These level might be seen by tomorrow unless the indecision continues
Buyers jumping in might be looking for a gap up at sessions opening.
Still target remains the same 312-314
These level might be seen by tomorrow unless the indecision continues
Comment:
Trying to get ahead of the days action I charted and drew my conception of possibilities with this stock today. Looking back at it later today I realize I was a bit off but I will share in hopes that you might understand why I closed this position at close of session today.
Here is the chart of what I was expecting today it did not play to a T never the less price behaved accordingly.
I closed my positions due to FOMC tomorrow.
With the current volatility in the market I will wait till the commotion settles to choose another trade. Mean while I will continue to share my opinion.
Based on TA TSLA could reach up to the 325 price.
I closed my positions due to FOMC tomorrow.
With the current volatility in the market I will wait till the commotion settles to choose another trade. Mean while I will continue to share my opinion.
Based on TA TSLA could reach up to the 325 price.
Trade closed manually:
Next target $314