The Long Investor
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$TSLA TOP 20
🕑 Added 2025-05-11 19:07:06 +0000 UTCI can not fault our chart so far, the price action has not given us any surprises.
Price is also above all important MA's now too in spite of a very terrible ER this season.
My one concern is that the pull back since $488 in Nov is arguably in 5 waves.
So if $TSLA only bounces in 3 waves next and rejects and the amber fib levels, particularly between $351 - $383 then we are looking at a Wave B bounce here too and Wave C will be next to a lower low below $214.
But honestly it is a tight call.
I will leave my overall impulse count on the chart but be mindful of the rejection amber levels.
Comments
safoo
$TSLA approaching $351 level Cap talked about.
MuaSer
thank you CAP, i have a big exposure in TESLA
James
With robotaxi supposedly about to launch I’m leaning towards we don’t see a lower low. But this stock is a breed of its own and can do anything.
Gareth Neary
I do not have a position here but I will advise if I see any rejections for sure
Pacus
Thank you very much for the heads-up, Cap. I’d really appreciate it if you could alert us when it’s time to sell to avoid a drop as big as the Wave C you mentioned.
