TSLA Downward channel break?

TSLA retesting resistance at 942 level.
If 942 level is rejected the bear trend started in January will continue downwards for possible targets @847.94 and @780.21

Also tesla can reclaim the level above 942 aiming for resistance from bear channel started on November and have 986.20 level as a target.

Comment:

The battle for weakness continues...
Tho the Bears where expecting further downside, it seems they are loosing their hold.
Bulls doing their best, pushing price close to 950 but unable to reach it.
These are the determining factors in this battle:
If price breaks and holds 950 - expected bullish movement with target @980 with more possible upside if the bulls are encouraged by the hight reached last year @1200.
If price action is unable to reach or hold the 950 target, then a potential gap fill towards the bottom @848-863...this could also cause concern by investors and start a sell off with a target of 780.

Comment:

Comment:

Tesla has broken top resistance on the bear trend it was riding.
Yet it finds itself unable to break a major resistance at 950
If TSLA breaks 950 to the upside and it is able to hold the next possible target will be 980 where it will meet the original bear trends resistance.

Comment:

Are Bulls losing steam?

Comment:

Lets see if rice can break 880

Comment:

TSLA
Possible GAP fill at 841

Trade active:

Bears in charge target 780

Comment:

TSLA still trading within range 927 next target to the upside with an attempt to break thru 950.
If we see rejection here Bears might attempt to fill gap towards the bottom

Trade closed: target reached