TSLA: This is a CRITICAL KEY POINT!
• TSLA did a good reaction above our support at $155, which we mentioned in our previous analysis – The link to my previous public analysis here on Tradingview is below this post, as usual;
• This could be a bottom sign, at least in the short-term, but the problem is that the trend is still bearish in the 1h chart, and it couldn’t even break the 21 ema this morning;
• In order for TSLA bounce again to higher levels, it has to break this 21 ema, and preferably, close above $161;
• In this scenario, TSLA would seek the next resistance in the daily chart, the $166, and if it breaks it, the 21 ema is the next stop;
• However, this would be just a bounce. As long as TSLA remains under the 21 ema in the daily chart, the trend will remain bearish, without the perspective of a bullish reversal;
• In order to seek lower levels, TSLA has to lose the support at $155. In this scenario, the next technical support is at $126;
• TSLA is in a critical key point right now, as the way it will react around here could reverse the bear trend – or make it drop even more sharply. Either way, the next movement will be interesting;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• This could be a bottom sign, at least in the short-term, but the problem is that the trend is still bearish in the 1h chart, and it couldn’t even break the 21 ema this morning;
• In order for TSLA bounce again to higher levels, it has to break this 21 ema, and preferably, close above $161;
• In this scenario, TSLA would seek the next resistance in the daily chart, the $166, and if it breaks it, the 21 ema is the next stop;
• However, this would be just a bounce. As long as TSLA remains under the 21 ema in the daily chart, the trend will remain bearish, without the perspective of a bullish reversal;
• In order to seek lower levels, TSLA has to lose the support at $155. In this scenario, the next technical support is at $126;
• TSLA is in a critical key point right now, as the way it will react around here could reverse the bear trend – or make it drop even more sharply. Either way, the next movement will be interesting;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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