• TSLA is in a critical situation, as it is between key support/resistance levels;
• Since our last study, TSLA did a false breakout from the $177, which gives me the impression that it will retest the next resistance in the daily chart, which could be the 21 ema or the $198. Either way, TSLA is supposed to bounce a little bit further;
• However, in order to do that, it must break the red line in the 1h chart at $185, as this seems to be a key resistance;
• In addition, TSLA respected the 21 ema in the 1h chart as well, which indicates some strength;
• What could possibly frustrate this thesis? If TSLA loses again the $177;
• Therefore, we have three key points: $185 and 21 ema in the 1h chart, and the $177 in the daily chart. I’ll keep you guys updated on this.
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• Since our last study, TSLA did a false breakout from the $177, which gives me the impression that it will retest the next resistance in the daily chart, which could be the 21 ema or the $198. Either way, TSLA is supposed to bounce a little bit further;
• However, in order to do that, it must break the red line in the 1h chart at $185, as this seems to be a key resistance;
• In addition, TSLA respected the 21 ema in the 1h chart as well, which indicates some strength;
• What could possibly frustrate this thesis? If TSLA loses again the $177;
• Therefore, we have three key points: $185 and 21 ema in the 1h chart, and the $177 in the daily chart. I’ll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
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💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
