TSLA - Pinched between 50 & 100H MA, Supp & Resistance
Looking like a strong inflection point.
Tesla is riding down a one month steep resistance into earnings...having failed to break out of a one year down trend resistance.
currently the 50 & 100 MA hourly are nearly touching and pinching the price.
Waiting to set direction. Whether it breaks up or down I'm expecting a strong continuation in the same direction Either to 340.. retesting the 12 month resistance or 300 retesting the 3 month support. .
Tesla is riding down a one month steep resistance into earnings...having failed to break out of a one year down trend resistance.
currently the 50 & 100 MA hourly are nearly touching and pinching the price.
Waiting to set direction. Whether it breaks up or down I'm expecting a strong continuation in the same direction Either to 340.. retesting the 12 month resistance or 300 retesting the 3 month support. .
Penafian
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