Tesla Stock Filled With Good News, Tesla Firms And Continues!

Tesla Stock Filled With Good News, Tesla Firms And Continues!

Figure 1. Because today’s option is due, I think it’s going to converge probabilistically to either 210, 215, or $220.

In other words, even if the stock price goes up a lot, it is likely to be in the range of $220, and even if the stock price falls a lot, it is likely to be in the range of $210.

Figure 2. The reason why I thought yesterday that Tesla’s stock price is likely to rise is the supply and demand status.

Once the macro RISK is reduced, all that is left is an improvement in the supply and demand status.

CONSUMER DISCRETION, where Tesla is located, is finally starting to move upwards. Now it’s starting to move towards IMPROVING in pretty strong form, and as this trend continues, the stock will come under upward pressure.

In other words, Tesla is not yet in IMPROVING, so it’s not completely late to respond.

If Tesla’s location was at IMPROVING’s end or LEADING, the response may be too late.

However, if it is in LAGGING, the safety margin is still high.

[Voiceover] Figure 3. And from a chart perspective, it looks like we’re going to go back to the $227 resistance line.

First of all, TSI is now trying to get the blue back above the red, and RSI is also trying to stop the downward trend and go up.

Have a nice weekend! 🙂
I’ll get some rest now!