TSLA at weekly support, likely to bounce to at least 200 area
The price had hit the weekly support WS1 after getting rejected from weekly resistance WR1. After hitting WS1, the price has bounced and I believe this bounce will continue towards weekly resistance WR1. Therefore, this present an opportunity to go long on this one for the target at least to the weekly resistance WR1. There is a possibility of it breaking this resistance and move towards monthly resistance MR1. However, we shall re-evaluate the price action in case it reaches to the first target at WR1.
Related publications
Disclaimer
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.