TSLA bounces from the previous support at $331.07, RSI shows a trend reversal, and MACD is primed for upward movement. DMI can confirm an extended upward trend as price develops tomorrow. Expect upward movement past resistances at the 61.8% and 78.6% Fibonacci. I will close my trade at $367.97. If DMI confirms a long-term bull trend toward the 100% retracement, trades should tighten up the stop loss and increase the upper closing trade price.
Comment:
We've tightened up the stop loss to $353.91 as the RSI enters the oversold zone, the reversal might occur before the 61.8% fib.