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TSLA - Time to get back in?
Posted on 11/21/22 at 5:32 pm
Posted on 11/21/22 at 5:32 pm
2 year low on daily chart with strong support back in 2020....about to touch the 200 MA on the weekly chart.
Anyone think this is a good place to bounce?
Anyone think this is a good place to bounce?
4
Posted on 11/21/22 at 6:12 pm to Barrister
I've been a tsla homer and think there's still more room to go down, eyeing $135ish.
Posted on 11/21/22 at 6:35 pm to Barrister
quote:
Anyone think this is a good place to bounce?
For what, a trade or a medium to long term investment?
I’ll continue to trade short options around it as long as the implied volatility and IV percentile remain high. But as long as the Twitter situation is a dumpster fire/distraction, I have NO desire to be long the stock.
The technicals might indicate a trading opportunity for the equity, but the issue that I see is based more on fundamentals.
Posted on 11/21/22 at 9:44 pm to Barrister
50-75% more downside IMO. Getting exposed. Plus musk in full self destruct mode.
Posted on 11/22/22 at 6:43 am to Barrister
Doitgif
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