TRIPLE TRADES Message Board

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Strategies & Market Trends : TRIPLE TRADES

OPEN 6.780

-6.2%

12:27 PM EST

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Tweets Boar Hog

To: Tweets Boar Hog who wrote (2936)	4/19/2023 7:45:30 PM
From: Bull RidaH	1 Recommendation Read Replies (4) of 4394

TSLA - Nice call for a shortable March high in TSLA. This stock breaking down now really doesn't fit into the framework of seeing SPX visit 4840 by end of June via the upside diamond break. A recent symmetrical triangle has formed on TSLA, and a break below 180, or above 204, will determine which side wins the breakout battle in this stock. In after hours today, it's well below 180, but these things often reverse by RTH. A break DOWN targets 126, and a break UP targets 247, an ideal number to coalesce with a 4840 SPX target. 2 CONSECUTIVE CLOSES below 180 or above 204 will be required to validate a breakout. I believe this after-hours slide is a stop run, and the stock will reverse tomorrow and close above 180.

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