TSLA Rally Finishing up

Tsla ready for a drop from here - if Markets start breaking down - be prepared to see TSLA go back below $125 is my target within next 3 weeks
*we could see TSLA traders push price to $169, but this will be a retail trap.

Good Luck

*Long Term Bull, but short term swig-trade idea

Not

there is a bullish pennant that broke-to-the-upside (15min) - if TSLA opens above 161 tomorrow - we will see $169 before sell-off

Not

Ok, so... If markets keep rallying into FOMC meeting, then I think TSLA could possibly hit 180 (167-169 will be tough zone)

Check out this scenario:

Not

TSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off

Technical Bullish Patterns:
15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out)
Daily: H&S Pattern measured move to 175-181 (close below )

Technical Bearishness:
1 hr - Bearish Divergence on RSI , MACD , STOCH
200 WMA: 167
currently oversold on BB bands

Bearish Catalysts:
-1/27 PCE Prices higher than expected
-1/31 employment cost index higher than expected
-1/31 Bad Tech earnings
-2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market

Not

Wow- , well the $180 was hit , that was a lucky call, should have bought Yolo 180 calls today… lol Ok- so it’s time to prepare for short position.

Black_Sheep1

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

Black_Sheep1