TSLA: Top Sign Under a Resistance?
• TSLA is trying to retest the previous resistance level at $214, but it seems to be losing steam this morning;
• The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema;
• In order to regain bullish sentiment, TSLA must do a clear breakout of the $214 resistance. In this scenario, the next target would be $237;
• On the other hand, TSLA would have to trigger a clear bearish reversal structure, and lose all its key support levels (21 ema, $187 and $182.50) in order to completely reverse bullish sentiment;
• For now, it is just congestion. Let's pay attention to the $214 resistance. I will keep you updated.
• Remember to follow me to stay in touch with my daily analysis!
• The problem is that TSLA is inside a congestion, and any bearish signal around $214 may indicate that it will correct back to its support level - probably the 21 ema;
• In order to regain bullish sentiment, TSLA must do a clear breakout of the $214 resistance. In this scenario, the next target would be $237;
• On the other hand, TSLA would have to trigger a clear bearish reversal structure, and lose all its key support levels (21 ema, $187 and $182.50) in order to completely reverse bullish sentiment;
• For now, it is just congestion. Let's pay attention to the $214 resistance. I will keep you updated.
• Remember to follow me to stay in touch with my daily analysis!
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