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Non-Tech : Kirk's Market Thoughts
COHR 151.47-4.9%1:30 PM EST
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To: da_spot who wrote (18470)4/6/2024 12:06:04 PM
From: Sun Tzu2 Recommendations

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da_spot
Kirk ©

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TSLA has become a cult stock, the way that APPL was (is?). So it can do anything in AH on thin volume. But ultimately it is the funds that will decide its direction. Also, the TSLA trade volume churns over the entire float about once every 5 weeks or so. Meaning that there are very few investors - it is mostly traders.

With this in mind, have a look at TSLA weekly chart. It is at support here and should bounce. But it could bounce to 190 and still be in a solid downtrend. The support region is between 150 - 160. Closing below 150 puts 120 in the cards.

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