Tesla / TSLA hit the Falling Support today, which is the bottom of the Bearish Megaphone started after the July 19th 2023 High.
On top of that, the 1day RSI turned oversold, entering the Support Zone that has priced all 4 bottoms and buy opportunities since the April 27th 2023 Low.
That Low was at 152.40, marginally under the current price.
As you realize, this is technically the strongest buy opportunity of the year and in price action terms, looks very much like the April 2023 bottom.
Keep a medium term perspective, buy and target the 1day MA200, near the Falling Resistance and just under the 0.786 Fibonacci at 230.00.
Follow us, like the idea and leave a comment below!!
On top of that, the 1day RSI turned oversold, entering the Support Zone that has priced all 4 bottoms and buy opportunities since the April 27th 2023 Low.
That Low was at 152.40, marginally under the current price.
As you realize, this is technically the strongest buy opportunity of the year and in price action terms, looks very much like the April 2023 bottom.
Keep a medium term perspective, buy and target the 1day MA200, near the Falling Resistance and just under the 0.786 Fibonacci at 230.00.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon