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TSLA - Time to get back in?

Posted on 11/21/22 at 5:32 pm
Posted by Barrister
Member since Jul 2012
5007 posts
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?
Posted by GeauxMariners
BR
Member since Jan 2010
2331 posts
Posted on 11/21/22 at 6:12 pm to
I've been a tsla homer and think there's still more room to go down, eyeing $135ish.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/21/22 at 6:35 pm to
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 by FLObserver
Jacksonville
Member since Nov 2005
15230 posts
Posted on 11/21/22 at 8:03 pm to
I'm still waiting for the the great reset we were promised by many on this board. Figure i will pick up TSLA around 10 bucks a share along with everything else when the mobs are burning cities to the ground
This post was edited on 11/22/22 at 9:49 am
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/21/22 at 9:16 pm to
I’m waiting for the Rapture that one guy said was right around the corner. Sometimes I read threads here and wonder how many Q followers are among us.
Posted by TigerDeBaiter
Member since Dec 2010
10485 posts
Posted on 11/21/22 at 9:44 pm to
50-75% more downside IMO. Getting exposed. Plus musk in full self destruct mode.
Posted by thatguy777
br
Member since Feb 2007
2493 posts
Posted on 11/21/22 at 10:29 pm to
long term support around the 150 area. thats an area to pay attention to. Likely a back up the truck and load up situation, we shall see.

I would add that TSLA and AAPL are the only two mega caps that have yet to break their 200 wk ma. Once that happens the shite show is likely over. GOOG META NVDA NFLX all been there done that
This post was edited on 11/21/22 at 10:33 pm
Posted by LSURoss
Dragon Believer
Member since Dec 2007
16154 posts
Posted on 11/22/22 at 6:43 am to
Doitgif
Posted by FinleyStreet
Member since Aug 2011
8000 posts
Posted on 11/22/22 at 8:15 am to
quote:

I’m waiting for the Rapture that one guy said was right around the corner.


2000 years later and it's still going to happen at any possible moment. Better be ready.
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