TSLA our love our heart is now confirming a long running bearish trend since it reached 300
TSLA did a fake breakout at 252 levels which then proceeded towards a bearish movement and now we can see it has officially reached 195 levels
Looking at the last 3 RSI oversold touches we can see it was quickly followed up by a bull rally
BULL CASE or glimpse of hope!!!
195 is going to be a double bottom and previous very strong support and RSI reaching the same levels like it was at 195 before i,e 30 OCT 2023 was also after Earnings dump
So if history repeats and we are lucky it can reverse from 195 levels , From 195 upwards there are very strong resistance levels i.e 200, 208 , 218 and 227 . if we reverse then we should enter after bullish reversal confirmation and be happy with small profits :)
BEAR CASE
We continue falling down from 195 levels and then next strong support is at 175 then 150 . AFter 150 its the Dark era of TSLA which I hope doesn't come
Wait and see game on!!!!
TSLA did a fake breakout at 252 levels which then proceeded towards a bearish movement and now we can see it has officially reached 195 levels
Looking at the last 3 RSI oversold touches we can see it was quickly followed up by a bull rally
BULL CASE or glimpse of hope!!!
195 is going to be a double bottom and previous very strong support and RSI reaching the same levels like it was at 195 before i,e 30 OCT 2023 was also after Earnings dump
So if history repeats and we are lucky it can reverse from 195 levels , From 195 upwards there are very strong resistance levels i.e 200, 208 , 218 and 227 . if we reverse then we should enter after bullish reversal confirmation and be happy with small profits :)
BEAR CASE
We continue falling down from 195 levels and then next strong support is at 175 then 150 . AFter 150 its the Dark era of TSLA which I hope doesn't come
Wait and see game on!!!!