The Long Investor
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$TSLA TOP 20
🕑 Added 2025-02-23 17:00:11 +0000 UTC$TSLA has been testing the 0.38 Fib for the last week at $355 and we can see that there is clear resistance and the only thing stopping me calling this a rejection is that I have not seen a lower low yet.
So if this is confirmed this week then I believe this will comfortably move down to the 0.5 Fib at $314 next.
Losing the $314 level and the 200 Day MA at $274 can save the price action from infringing upon the top of Wave 1, which would invalidate the impulse wave.
So support levels have remained the same, continue to hold off until support has been confirmed before adding. I suspect some bulls have started a DCA strategy already however.
Comments
FS
Same. Sold everything at 450.
Federico Salerno
Since I am definitely not the smartest investor ever, I did exactly the opposite of the bulls: I have closed my position on TSLA because I wanted more cash in hands having added on PYPL, HIMS and OSCR. Thatβs fine, I will reopen the position at 314 if she goes there π
