After reaching the Target set Last week for
TSLA
, It is now in an important area .
I think It would be interesting before taking any decision to watch how it would act around certain area .
Actually if TSLA succeeds to close soon considerably above the white line at around the 1035 , it would very likely continue up to the 1120-1135 area (Blue Line) .
In fact the 1120-1135 is a key area because once it's broken and closed considerably above , this stock would very likely continue up to around the 1550-1600 area (Blue Rectangle) .
But now as Long as the market doesn't close above the 1035 considerably we might see a return towards the green rectangle .
It is also possible that we close above the white line (1035) and reach the area around the blue line and return back down from there to the green rectangle IF price doesn't succeed to break above the Blue line .
TSLA
, It is now in an important area . I think It would be interesting before taking any decision to watch how it would act around certain area .
Actually if TSLA succeeds to close soon considerably above the white line at around the 1035 , it would very likely continue up to the 1120-1135 area (Blue Line) .
In fact the 1120-1135 is a key area because once it's broken and closed considerably above , this stock would very likely continue up to around the 1550-1600 area (Blue Rectangle) .
But now as Long as the market doesn't close above the 1035 considerably we might see a return towards the green rectangle .
It is also possible that we close above the white line (1035) and reach the area around the blue line and return back down from there to the green rectangle IF price doesn't succeed to break above the Blue line .