Tesla (TSLA) June 2023 (Paid Version With Best Trades)

Kapproveb Alcyone
Apr 29, 2023
2 min read

Updated: Jun 4, 2023

Month’s Theme: A significant move higher after establishing a key support level.

Behavior Around the High: A lot of price change moving into or around the high. We’ll then decline and sell through multiple support levels.

Behavior Around the Low: We should see some sort of peak form around the low.

Exclusive Trade Opportunities for Subscribers:
- An opportunity to open a long position on the 15th in the midst of a downwards swing. To be prudent, I would close on the 20th or 21st.
- An opportunity to open a long position on the 26th and close it on the 28th.
- An opportunity to open a short position in the midst of that move to the upside on the 28th to hold into July. I would close that in the midst of a sharp drop out of sideways rotation in early July.

Overview

On the 1st, there’s a failed attempt to break through key resistance on a multi-day chart followed by a decline through key support. On the 2nd, there’s an important range to the downside highlighted.

On the cusp of the 5th and 6th, there’s a big move higher on a one-month scale out of a decline. On the 8th, there’s an important resistance level highlighted on a one-month scale. Volume flattens out around that resistance level. There’s a move to the downside on the cusp of the 8th/9th and a big drop on the 9th.

The decline on the 9th continues on the 12th through multiple support levels. On the 13th, there’s some sideways rotation that ends with a fast, sudden move higher that takes us into a prominent peak or crest for the month. There’s a lot of price movement that’s likely to the downside on the 15th. On the 16th, we’ll have sideways rotation along a key support level on a one-month chart and there’s an important technical price level on a one-year scale highlighted.

We’ll establish support that can be relied upon on the 20th. We’ll have sideways price swings on the 21st in the midst of crisscrosses through the same price level confirming a bullish trend. On the 22nd, we’ll have the revisiting of a crest that was recently a passed opportunity. There’s a notable fake out or shake out of some kind on the 23rd.

On the 26th, there’s a big move to the upside standing out on a one-month chart. On the 27th, we’ll gap down and then have a rally along a diagonal trend line where we’ll break through horizontal resistance to meet a secondary resistance before pulling back to somewhere between those two price levels. On the 28th, there’s a big move to the upside in the midst of a temporary breakout. There’s an important reversal that will stand out on the 29th. On the 30th, there’s either a decision between two leaders or a holding pattern with a pop and drop.

Sneak Preview

Out of oversold territory in July there’s a significant move to the upside that will stand out on at least a one-month chart.