$TSLA Hourly - redrawing the trend line on the hourly. Downward sloping wedge. Its a bullish price action. Let's see if it breakouts by end Feb. #investing #trading #letsgo

$TSLA Weekly - Looking big picture first before zooming in on short time scales. 20MA - 344 (-4% from current price, -29% from ATH) Stoch RSI - 25 (downtrend) RSI - 55 (downtrend) MACD - 46 (curling down) 29 Nov 2021 (the last time we had similar stats) 20MA - 288 (-11% from weekly close, -30% from ATH) Stoch RSI - 28 (downtrend) RSI - 60 (downtrend) MACD - 37 (curling down) We eventually bounced of the Weekly 20MA 3 weeks later at 300. Corresponding to the Daily 100MA. Daily 100MA now 332. Will probably rise to 340+ in the next 3 weeks. It was be bullish for 2 weeks until hitting a double top. I believe we are bottom in the short term for a small upward reversal in 1-2 weeks. Planning to close my covered calls and staying neutral until we get more confirmation of trend. $TSLA #trading #investing #technicals #letsgo

$TSLA Weekly - we seriously need a reality check here. Weekly clearly shows we are ROLLING OVER. Pain is to come if you believe in the weekly technicals. See RSIs and MACD. The last time we were at these levels was in Nov 2021. We drop and cut through all the short term weekly MAs and even the 200MA. Currently weekly 200MA stands at 245, it will still drift higher with the run up to 480. A pullback to $350 shdn't surprise us. A pullback to $300 shdn't surprise us. I expect a max drawback to $280. I'm still hopefully for @Tesla to execute on all cylinders - Expansion of Energy and Storage - Ramp of refresh models - FSD - Cybercab - Large scale Optimus application within Tesla But the technicals and history say the stock price will be against us. So we just need to be prepared.