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Re: Hey, De! Please give your TA opinion of Tesla stock? 

By: Decomposed in 6TH POPE | Recommend this post (1)
Fri, 27 Jan 23 6:09 AM | 31 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 39503 of 58533
(This msg. is a reply to 39501 by Fiz)
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fizzy:

Re: “It's come down a lot, but has rebounded a fair amount in the last week or so. How to you figure out when it has likely hit a bottom? What is likely to happen from there?”My cardinal rule is that fundamentals always trump technical analysiss. But, ignoring that since I'm not rehearsed on the company, TSLA should have had resistance at 147/share. It instead cut through that point today like a knife through butter. That's got to be because of good fundamentals. Sure enough, it just issued a Q4 earnings beat.

How to tell if it hit a bottom? It bounces - like TSLA just did. Is it a REAL bounce? That's based on the strength of the bounce, and TSLA's was strong enough to knock over a wall of doubters who should have had sell orders at $147.

There's no more resistance until the $220s. That's where I'd expect the stock to go, quickly.







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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:
Hey, De! Please give your TA opinion of Tesla stock?
By: Fiz in 6TH POPE
Fri, 27 Jan 23 3:30 AM 		Msg. 39501 of 58533

It's come down a lot, but has rebounded a fair amount in the last week or so. How to you figure out when it has likely hit a bottom? What is likely to happen from there?

Thanks for any speculation.

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