🔸️Ticker Symbol: TSLA 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: TSLA is setting up nicely to see a push higher if we can hold this level of support at $860. We can tell that we are testing the bottom deviation level on our regression trend indicator which historically has acted as a level of support in the market. Price at the moment is increasing in value along with our money momentum indicator on the bottom dashboard. When we have a middle band that is flashing red, and our money momentum is down in the green buying zone or accumulation stage... this previously has indicated that we could see a nice shift to the upside if we can hold support at $860.
Now anything is possible so if we do end up heading lower keep an eye out for the $838 level which is the strongest level of support for a bounce play. Thank you for following. Please let me know what your personal investment strategy is for TSLA. Take care!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: TSLA is setting up nicely to see a push higher if we can hold this level of support at $860. We can tell that we are testing the bottom deviation level on our regression trend indicator which historically has acted as a level of support in the market. Price at the moment is increasing in value along with our money momentum indicator on the bottom dashboard. When we have a middle band that is flashing red, and our money momentum is down in the green buying zone or accumulation stage... this previously has indicated that we could see a nice shift to the upside if we can hold support at $860.
Now anything is possible so if we do end up heading lower keep an eye out for the $838 level which is the strongest level of support for a bounce play. Thank you for following. Please let me know what your personal investment strategy is for TSLA. Take care!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
