What's Up Squad.
Ok today we look at TSLA. The bottom Black line is a reliable support. The upper Black line is a reliable resistance. As you can see from the bottom support and B-bands, we are approaching a support zone. TSLA is know to bounce in this area. Wait for break above 180 day EMA or middle B-band. If TSLA bounces, it will be met by resistance around 322 as represented by the Blue line. If it breaks above the Blue resistance line, the next resistance is the upper Black line.
If TSLA breaks the support at 290-300 (bottom black line) it could fall to the 270, 280 region.
Thanks for reading, comment your opinion below. :)
-Stay savvy
Ok today we look at TSLA. The bottom Black line is a reliable support. The upper Black line is a reliable resistance. As you can see from the bottom support and B-bands, we are approaching a support zone. TSLA is know to bounce in this area. Wait for break above 180 day EMA or middle B-band. If TSLA bounces, it will be met by resistance around 322 as represented by the Blue line. If it breaks above the Blue resistance line, the next resistance is the upper Black line.
If TSLA breaks the support at 290-300 (bottom black line) it could fall to the 270, 280 region.
Thanks for reading, comment your opinion below. :)
-Stay savvy