TSLA: Still accumulating! What's next for us?
Hello traders and investors! Let’s see how TSLA is doing today!
The support at $ 760s worked nicely for us, since our last update, and now TSLA is trying to break free from this congestion. We’ve been moving sideways since the end of September, and the $ 800 price area is the ceiling for TSLA.
As long as it doesn’t break the $ 800, and close above it, confirming a true breakout, we’ll keep moving sideways. On the bright side, we have some support levels to work with as well.
The 21 ema is working well, and we have the $ 786 area. These points did a good job holding the price last week, and today, TSLA retested the $ 800 for the 4th time.
In the daily chart, the bias is still bullish, and even if it corrects again, the 21 ema is there to work as another support level for us. By breaking the $ 800, the $ 821 is the next resistance seen on the chart.
So far, we have no bearish structure around. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good week.
The support at $ 760s worked nicely for us, since our last update, and now TSLA is trying to break free from this congestion. We’ve been moving sideways since the end of September, and the $ 800 price area is the ceiling for TSLA.
As long as it doesn’t break the $ 800, and close above it, confirming a true breakout, we’ll keep moving sideways. On the bright side, we have some support levels to work with as well.
The 21 ema is working well, and we have the $ 786 area. These points did a good job holding the price last week, and today, TSLA retested the $ 800 for the 4th time.
In the daily chart, the bias is still bullish, and even if it corrects again, the 21 ema is there to work as another support level for us. By breaking the $ 800, the $ 821 is the next resistance seen on the chart.
So far, we have no bearish structure around. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good week.
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