TSLA: In a No Man's Land - Next Key Points to Watch!
• TSLA is bouncing, trying to seek its next technical resistance levels. However, the bias is still bearish;
• Since TSLA failed in breaking the support at $123, as we mentioned in our previous analysis, it couldn’t resume the bear trend, and this bear market rally will persist (the link to my previous analysis is below this post, as usual);
• TSLA could reverse the bear trend, but we must see a better, clearer, bullish structure for that, not only a rally;
• For now, it seems TSLA wants to retest the $140 area, our 38.2% Fibonacci’s Retracement. Then, we’ll see how to proceed;
• To sum up, TSLA is in a no man's land. The key support is at $123, and TSLA has to break it in order to resume the bear trend. The key resistance is the $140, and TSLA breaks it, the rally will persist – However, there’s no bullish structure on it yet;
• I’ll keep you updated on this, as usual;
Remember to follow me to keep in touch with my daily analyses!
• Since TSLA failed in breaking the support at $123, as we mentioned in our previous analysis, it couldn’t resume the bear trend, and this bear market rally will persist (the link to my previous analysis is below this post, as usual);
• TSLA could reverse the bear trend, but we must see a better, clearer, bullish structure for that, not only a rally;
• For now, it seems TSLA wants to retest the $140 area, our 38.2% Fibonacci’s Retracement. Then, we’ll see how to proceed;
• To sum up, TSLA is in a no man's land. The key support is at $123, and TSLA has to break it in order to resume the bear trend. The key resistance is the $140, and TSLA breaks it, the rally will persist – However, there’s no bullish structure on it yet;
• I’ll keep you updated on this, as usual;
Remember to follow me to keep in touch with my daily analyses!
⚠️ Want to take your trading to the next level?
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
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.