TSLA - What a cross
Intro
Yesterday TSLA passed through a cross, made of an horizontal line at 668$ and a resistance trend line (in red).
I drawn other possibile trend lines, horizontal lines and two possible future prices paths: a red one (DOWN) and a green one (UP).
Which is the most probable path?
In my opinion, TSLA will follow the DOWN path: as we can see the Stochastic RSI crossed up, but the MACD didn't. I would define yesterday's price move as a bull trap.
The price movements of today (the 10th of March 2021) will be relevant for knowing if the support horizontal line will be down crossed (and the DOWN path will prevail) or not (in this case it will be a LONG signal, in case MACD will up cross too).
Thanks for reading :)
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