• Recently, TSLA failed in breaking the resistance area around $262, which I’ve alerted on my previous TSLA analysis (link below this post);
• This triggered a short-term pullback, and TSLA approached its support levels on the daily chart, namely the 21 ema and the $237 area;
• This week, it did a good reaction above this support level, indicating that it wants to resume the bull trend;
• What could reverse this bullish sentiment? If TSLA loses the $237. As long as it stays above it, the bullish bias will persist.
• On the weekly chart, we see that TSLA is struggling to break the $262 resistance;
• Although a pullback to the $217 is plausible, and wouldn’t ruin the long-term bullish bias, if TSLA breaks the $262 area again it might just continue its rally to the $300;
• Let’s follow it closely.
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• This triggered a short-term pullback, and TSLA approached its support levels on the daily chart, namely the 21 ema and the $237 area;
• This week, it did a good reaction above this support level, indicating that it wants to resume the bull trend;
• What could reverse this bullish sentiment? If TSLA loses the $237. As long as it stays above it, the bullish bias will persist.
• On the weekly chart, we see that TSLA is struggling to break the $262 resistance;
• Although a pullback to the $217 is plausible, and wouldn’t ruin the long-term bullish bias, if TSLA breaks the $262 area again it might just continue its rally to the $300;
• Let’s follow it closely.
Follow me to keep in touch with my analyses!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.