TESLA looks like its going to make a big bounce off the 200 MA.
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This past weekend Elon Musk was all over the news smoking a joint of marijuana on the Joe Rogan Experience podcast which caused a PR nightmare sending the stock quickly down to bounce right off the weekly 200 MA. I highly doubt TESLA will break the heavy resistance off weekly 200 MA. It could have been a genius move to purposely drop the price to accumulate more being Elon took one puff and didnt even inhale it so seemed odd. Judging by TA Tesla is a BUY BUY BUY. when we were in a bull market buy the dip applies!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.