TSLA at Critical Level - Could Go Either Way

9 Apr 2022

TSLA is at a critical point with the volume shelf and other factors that could mean either direction.

Bull Case:

• Retesting Breakout Level
  
• Falling Wedge on Daily/65m
  
• Bullish Divergence on 65m
  
• Some Bollinger Band squeezing on 65m
  

Bear Case:

• Net Premium flow favors puts heavily
  
• Bearish Engulfing Candle on Weekly
  
• MACD crossing down on Daily
  
• Hidden Bearish Divergence on Daily that may not have completely played out
  
• May be slightly below volume shelf - next shelf at $912
  
• Diminishing Volume on Daily
  

So:

If Bulls Win... (price breaks $1,037)

• PT1 - $1,045
  
• PT2 - $1,065
  
• PT3 - $1,087
  

If Bears Win... (price breaks $1,021)

• PT1 - $1,011
  
• PT2 - $1,000
  
• PT3 - $1,090
  

10 Apr 2022

Catatan

PT3 for the bear case should say $990, not $1,090