The Long Investor
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$TSLA TOP 20
🕑 Added 2025-03-07 11:43:25 +0000 UTC$TSLA has descended now since the middle of Dec and still searching for support, price is below its 0.618 Fib and the ascending triangle line at the same level at $272.
Crucially, $TSLA is also close to testing its 200 WMA at $248.
This was a resistance level for the whole of 2024 and the moment the price broke out and held above this MA, the price jumped from $240 to $480 in 2 months.
This excessive selling will need to find support soon and build strength but I believe $TSLA can offer an opportunity here on its 200 WMA but support needs to be shown.
Comments
James
Will you be getting a position at 248?
