Nathan_Black

TSLA: About to break through this congestion?

NASDAQ:TSLA   Tesla
Hello traders and investors! Let’s see how Tesla is doing today!

Today we triggered a pivot point at $ 654.86, which made Tesla break through the previous resistance around the $ 664.

This bullish structure, along with the high volume, may lead Tesla to higher levels in the daily chart:


We are still inside a mid-term congestion, between the $ 621 and the $ 689. In moments like this, the 21 ema is useless, as it got flat.

The $ 689 is the most important resistance for Tesla now, and if Tesla defeats this point, will get out of this congestion and enter a bull trend. Let’s pay attention to this resistance for now!

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Thank you very much!

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