stock ( TSLA
) is right now at a strong monthly support level
. Think! Everybody is gonna be watching this! Well, I mean everybody who is sensible enough to watch key support levels at higher time frames. I'm not saying that everybody needs to play monthly time frames. What I am saying is that the strong level of support creates good probability for a bounce north on a lower time frame such as 1H to 6H. The choice and risk are yours. Just to be clear - this is not a prediction! Jeez. You can't know if price will go to 150 and then rebound. I suspect that big investors are likely to weigh in in the price range down to the 150 level.