Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Just a couple of weeks ago Tesla stock perfectly tested and rejected a quite strong previous support zone towards the upside.
However this bullish move of about 80% is still not over yet in my opinion, since we still have some room towards the upside until we retest the next resistance area.
From a daily perspective I am now just waiting for a short term retracement back to the previous resistance zone which is now turned support, then I will wait for some bullish confirmation and then there is a high chance that we will see the next weekly push towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
Just a couple of weeks ago Tesla stock perfectly tested and rejected a quite strong previous support zone towards the upside.
However this bullish move of about 80% is still not over yet in my opinion, since we still have some room towards the upside until we retest the next resistance area.
From a daily perspective I am now just waiting for a short term retracement back to the previous resistance zone which is now turned support, then I will wait for some bullish confirmation and then there is a high chance that we will see the next weekly push towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
