Top 5 Weekly Trade Ideas #3 - TSLA Major Trend RetestTSLA had a huge run up after finally breaking above its downtrend it has been in since 2021 heading into a big event. The event ended up being a sell the news event and TSLA erased most of that rally instantly.
However, it is holding up above the trendline after a near perfect retest. If it can hold I'd be targeting the trendline above and then ATH. If it breaks below this trendline here I would avoid longs and potentially look for shorts. Pretty critical spot here for the medium-long term. Very bearish if it can't hold IMO and very bullish if it does hold and continue the rally after a brief pause.