While TSLA has made some incredible gains it is beginning to show some weakness.
TSLA has been consolidating between the
1074-1114 range since March 28th. This consolidation is great news since the majority of traders have been expecting a retest of lower price that has not materialized.
What to expect from here:
-Consolidation and break to the upside breaking 1114 with Volume will set the stage for an initial target of 1136.
-If price fails to hold 1074, we can expect a gap fill @1009.
Stay sharp!
TSLA has been consolidating between the
1074-1114 range since March 28th. This consolidation is great news since the majority of traders have been expecting a retest of lower price that has not materialized.
What to expect from here:
-Consolidation and break to the upside breaking 1114 with Volume will set the stage for an initial target of 1136.
-If price fails to hold 1074, we can expect a gap fill @1009.
Stay sharp!
Comment:
Comment:
TSLA attempted to test the lower waters today.
Yet without the help of volume and with News of TSLA stock split price was not able to break below 1074.
This was a welcomed sign by bears since they continue with consolidation and another go at 1114.
Never the less 1084 was breached to the downside and this is a point of control that is being continuously being tested.
Expect the same on Monday.
A Break of 1084 to the upside with volume and momentum could see a test of 1114.
If 1084 solidifies its resistance we can possibly retest 1054
Yet without the help of volume and with News of TSLA stock split price was not able to break below 1074.
This was a welcomed sign by bears since they continue with consolidation and another go at 1114.
Never the less 1084 was breached to the downside and this is a point of control that is being continuously being tested.
Expect the same on Monday.
A Break of 1084 to the upside with volume and momentum could see a test of 1114.
If 1084 solidifies its resistance we can possibly retest 1054
