TSLA salt levels rising - some shorts to be squeezed
Bull scenario:
CNBC Level at 275 has proved to be an excellent level to play around. We dipped way below but made it nowhere near to $240. Now we look to long term for a break of this down-trending trajectory.
Breaking above 300 level would have me targetting 340.
There is also potential for this entire shockwave to break up and eventually reach the magic $420 level as TSLA bears and haters. double down
Bear scenario: Breaking the CNBC level would be a first signal to get out.
Below that, the island reversal level of 264 is the last real support. If this goes then I would look for quite a large stop run/2b down below the 240 level to mid 220s.
CNBC Level at 275 has proved to be an excellent level to play around. We dipped way below but made it nowhere near to $240. Now we look to long term for a break of this down-trending trajectory.
Breaking above 300 level would have me targetting 340.
There is also potential for this entire shockwave to break up and eventually reach the magic $420 level as TSLA bears and haters. double down
Bear scenario: Breaking the CNBC level would be a first signal to get out.
Below that, the island reversal level of 264 is the last real support. If this goes then I would look for quite a large stop run/2b down below the 240 level to mid 220s.
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