TSLA: Another Rally?
• TSLA broke our key resistance at $200, indicating that this rally might persist a little longer;
• Now, our previous resistance at $200 becomes a new support level for TSLA;
• Now TSLA is way above the support at $182.50 and the 21 ema. This could indicate that it is overbought, but it won’t correct unless if it does a clear top sign, a so far, there’s none;
• The next technical resistance on TSLA is the $237, which is around the 61.8% retracement in the weekly chart;
• There’s a possibility it’ll find a resistance at the 50% retracement as well, but in order to do that, TSLA would have to do a top sign as soon as possible;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Now, our previous resistance at $200 becomes a new support level for TSLA;
• Now TSLA is way above the support at $182.50 and the 21 ema. This could indicate that it is overbought, but it won’t correct unless if it does a clear top sign, a so far, there’s none;
• The next technical resistance on TSLA is the $237, which is around the 61.8% retracement in the weekly chart;
• There’s a possibility it’ll find a resistance at the 50% retracement as well, but in order to do that, TSLA would have to do a top sign as soon as possible;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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