Unfortunately, the drop to 150-153$ levels is real now. If this happens we will entry in a range between 153-183$ up to next earning report on 17th April. Also, the macro economic environments FED meting and so on will prevent any big movements during this period. I will continue to buy if we go to these levels. I hope that 163$, which for me is not so significant support, will hold today. A move back to about 174.20$ is also likely today.
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Based on the today’s price action, especially at end of the session, I believe that we have already touched the bottom and will go up, i.e probably we will not see 153$ at all. Most of the big stocks dropped a lot and similarly to Tesla are close to strong resistances which are difficult to be overcomed. For instance AMD. Thus, the next level is 160-180$ range. Indeed, many factors will influence the price action as such for example FED next week.
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The bottom has been confirmed. The RSI14 is just 17 and it was higher during the low from May 2023 but at lower prices. All indicators show that we are going up which was also evident in Friday when we finished in a good plus at 164$ compared to US500 which was -0.67%. The problem now is FED which can make this up movement slower.