TSLA still facing resistance at $635
Interestingly TSLA still facing resistance at $635 Fibonacci Resistance (38.2). This happened for the second time in the past 1 week. I have been telling TSLA needs to break the $635 resistance to go higher and test the next 50 fib resistance area.
We need to observe carefully how it shapes out. The RSI is 47 in the daily chart (I won't get in unless RSI drops below 40s). Also need to look at the 50,100,200 Moving Averages.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Feel free to share your own opinions/comments. Also hit like and follow me for future updates!
Best,
Adit Doza
Part-time Faculty
Mike Ilitch School of Business
We need to observe carefully how it shapes out. The RSI is 47 in the daily chart (I won't get in unless RSI drops below 40s). Also need to look at the 50,100,200 Moving Averages.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Feel free to share your own opinions/comments. Also hit like and follow me for future updates!
Best,
Adit Doza
Part-time Faculty
Mike Ilitch School of Business
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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.
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.