TSLA: Trading at a Critical Level.
• TSLA is still trending, and as of yesterday, there’s no top sign on it yet;
• It is breaking the previous resistance at $214, which is a bullish sign indicating a continuation of this rally, but TSLA must stay above the $214 today, otherwise, it might lose momentum, and the market might see it as a false breakout. We'll have our answer today;
• I see many comments on a Double Top, but in order for this to happen, we must see TSLA dropping fast, and losing the previous bottom at $187 in one single bearish leg in order to technically trigger a Double Top, and reverse the bullish sentiment;
• Either way, let’s pay attention to how TSLA will react today, since it seems we are breaking the $214 resistance. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• It is breaking the previous resistance at $214, which is a bullish sign indicating a continuation of this rally, but TSLA must stay above the $214 today, otherwise, it might lose momentum, and the market might see it as a false breakout. We'll have our answer today;
• I see many comments on a Double Top, but in order for this to happen, we must see TSLA dropping fast, and losing the previous bottom at $187 in one single bearish leg in order to technically trigger a Double Top, and reverse the bullish sentiment;
• Either way, let’s pay attention to how TSLA will react today, since it seems we are breaking the $214 resistance. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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