Most people are running from a huge short-term trading opportunity with Tesla stock...
$126 is a key long-term price level calculation.
We are now trading underneath.
From my experience, this is 99% where you can expect liquidity to pour into positions.
While it won't happen overnight, I am confident in price returning to and above this $126 level, and from there $150.
Once there, we will be met with short-term profit takers, who may once more take price temporarily underneath $126.
However, a second return to the level will signify and base and lead to the eventual breakout of Tesla stock, where the upside will be around 75% from Friday's (12/23/22) closing price.
My price target is the untapped supply area around $200.
Time frame? 2 months.
Just speculating, but absolutely love this setup . Not FA..
Good luck!
$126 is a key long-term price level calculation.
We are now trading underneath.
From my experience, this is 99% where you can expect liquidity to pour into positions.
While it won't happen overnight, I am confident in price returning to and above this $126 level, and from there $150.
Once there, we will be met with short-term profit takers, who may once more take price temporarily underneath $126.
However, a second return to the level will signify and base and lead to the eventual breakout of Tesla stock, where the upside will be around 75% from Friday's (12/23/22) closing price.
My price target is the untapped supply area around $200.
Time frame? 2 months.
Just speculating, but absolutely love this setup . Not FA..
Good luck!
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While I've began adding underneath my $112 level, keep in mind the midpoint between the local resistance (126.58) and next major support (64.42) is 95.5, which could potentially be a fall zone for $TSLA IF it does not stabilize in the 110's.
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Technical rally incoming!
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Nearly perfect!!!! Congrats bulls.