Sharing my TSLA chart for anyone that might be interested. It looks like TSLA is going to tuck into that $243 spot before hitting the next line of trend support. This will allow it close the gap created and allow TSLA to experience a decent runup before a rejection from the overall bearish trend line or R3.
NOTE: R1 does include the weaker bearish trend lines, but if we do break all those as we catch support on a stronger bullish trend, we're still likely to see resistance around the R1 zone.
NOTE: R1 does include the weaker bearish trend lines, but if we do break all those as we catch support on a stronger bullish trend, we're still likely to see resistance around the R1 zone.
Comment:
Look for resistance incoming on Tesla, we are on the bottom side of our bearish trend.
Comment:
If Tesla can pump up to $325, before coming back down to around $280, it's very bullish in my opinion.
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