hi this is krie artech with Wicked stocks bringing you your daily Tesla report for Wednesday March 12 2025 let's take a look at the charts I'll start with this one it was about a month ago 34 weeks ago anyway that we settled below uh the low to mid 340s uh 38 fibon former Channel top having done so our objective was the 25644 2year channel bottom a little bit more meaningful than the 34607 structure um but um you know it only held last week and this week Monday we opened below it and we've been falling uh
ever since now we did rebound a little bit on Tuesday uh but um in terms of the big picture Dynamic it is one of still selling upward rallies into the 24954 to 25644 region and you can see that upper right here in the support resistance anticipating over the next um month or two uh should I hear a week or two uh into the50s 15359 to 15969 on the way down we've got 17585 which is um a minus B the distance between the nove 21 High and the January 23 low and if you just extend that
the same same distance off that d24 high you get 17585 so it is a big area uh that can absorb selling through the rest of the year uh and I do see this as a 1 to two month Target and it just might be realized within 2 to 3 weeks the way things have been playing out let's take a look at the daily chart now there's not a lot of line studies to sort of hang our hat on so to speak everything is very Steep and far away from the present price points but I do
have 23888 uh that can contain intraday highs that is sort of Gap low or however you want to call that we gapped above there was a pullback low we're now well below it uh or at least we were you know yesterday uh today uh 23888 can contain intraday buying pressures if we open below it and Below which 21211 in reach uh 21211 once again nothing more than a downward retracement point from October of 24 and then the market just started gapping higher uh and so 21211 can contain session weakness I do not see this as
a 3 to 5 day swing trade and I say that because sometimes the session containment levels are uh 3 to five day swing trade points but no I'm comfortable buying it on a day basis only uh but you know if we were to close let's say at a 212 half 213 or something I wouldn't be comfortable holding that overnight given the fact that we could Gap right below it and continue South now South within a matter of days to one 7585 so if we close below 21211 today by the end of next week or sooner
17585 is likely and that is once again I really I consider this the start of a range that is a little over 20 points wide down to 15359 that can absorb selling through the rest of the year and from here we can round back up to the 25644 channel bottom within a month or two and even higher as we continue into later Year and that pretty much covers the downside let me say this one more time just in case there's any uh you know confusion that if we close today below 21211 uh it is a
get short opportunity if you're not short already anticipating then uh this um you know this 17585 level within possibly 3 to 5 Days by the end of next week anyway that would begin completing our objective and the beginning of a wide Zone that can absorb selling through the rest of the Year this is a solid area that if you're looking to invest in Tesla longer Hall I'd be comfortable doing so between 15359 and 17585 uh now for the upside um you know if we happen to push through or perhaps open above 23888 we haven't far
a rally in rally we probably would to 24954 intraday 24954 is once again a 5/8 downside Fibonacci these 5/8 and 38 Fibonacci work pretty well even on the way back up yes we violated it to the downside it is 58 downside from the January 23 low against the more recent December 24 high and so on the way back up it is also still meaningful resistance and you can combine it with I think the even more meaningful 25644 2-year Channel bottom this Zone able to contain buying uh into quite possibly through April activity and Below which
we are expecting once again that 15359 to 1559 969 area now if and I don't see this happening but you never know if later in the week we continue higher and we close above 25644 closing above 25644 on a day basis uh will place 28822 in reach within 1 to two days roughly and that is that trend line coming off these lows it actually held the highs as as he may recall a couple of weeks ago um and uh but you know once again if we close the week Friday above 25644 and it is certainly
possible we're not too far off that Mark right now then I would anticipate within um you know two to three two to three weeks or so 32608 so a Friday settlement above 25644 sets up a 2 to 3E rally to 32608 now we still have the 340s yes um and sorry right here we still have the 340s but uh in the context of uh momentum and Trend identification I really think 32608 is not only the area to sell through the rest of April because this probably wouldn't be tested until early April anyway well I don't
know if we close above 25644 on Friday a 2 to 3E rally to 32608 it is certainly possible we could reach this by the end of the month um where we could top out sorry where we could top out through the month of April or at least into later April and fall back again um if we can close above 32608 in the coming weeks I see that as a good low through the second quarter and then we should see a continued gains in fact it would be a settlement above 32608 that would allow 50799 yes
within 3 to 5 months I would say allow very deliberately uh because I really have to study these charts to see if this truly would be my expectation but for right now 2608 solid resistance a 2 to 3 we target if we close above 25644 at the end of the week so closing Friday above 25644 I see no good reason to stay short Tesla at least into later March early April 32608 expected over that time frame so it would be an opportunity to go long and hold into the mid 320s and dropping a daily but
until then uh you can sell the 25644 area you can sell this range of resist resistance uh that is at 24954 to 25644 through the month of April because below which 15359 to 17585 remains a 1 to2 month objective and if we were to close today below 21211 call that a 1 to2 week objective all right I think that pretty much rounds it out please click like share subscribe check out Wicked stocks.com on Tuesday we put out a stock pick on Home Depot might want to check that out it's approach it's approaching a significant level
that has consequences through the second quarter uh so you might want to check out our Home Depot stock pick um we'll put out another one on Thursday we also do daily triple Q daily spy analysis weekly Apple stock weekly S&P 500 and weekly NASDAQ 100 so uh I will be back of course tomorrow with Thursday's Tesla report you have a great day
