TSLA
I made an argument earlier this week that since the last 'golden cross' in late March, TSLA stock price always bounced off of the 200 MA level in an hourly time frame. "When is the next bounce?", I asked. I believe we are at that point now.
The question now is that if the current market condition will allow for this structure to sustain. Let's hope the structure sustains and we get to see a bounce up today.
Good luck and happy trading!!
Comment:
I think on the daily chart it is the 20 period MA that is currently working as a support for TSLA. In fact it has been so since beginning of April when the 10 period MA crossed the 20 in an uptrend.
