TSLA: Doing a GOOD reaction today!
Hello traders and investors! Let’s see how TSLA is doing today!
As we see, in the 1h chart, the trend is bullish again, as we have higher highs/lows. What’s more, we are above the 21 ema, and it just did an upwards breakout from a “Trap Zone” (the area between the resistance at $ 1,100 and the 21 ema).
Now, it seems the $ 1,150 is the next resistance on it. Let’s see the daily chart for more clues:
The trend is still bullish here too, despite the sell-off after Musk’s tweets. The $ 1k did work as a phenomenal support level for us, and there’s no bearish sign around.
The only thing missing here is a good volume today. Either way, the reaction this week was very good. What’s more, keep in mind that we have an open gap at $ 1,208, which is going to work as a target.
The movement next week is going to be decisive for TSLA in the mid/long-term. If you liked this analysis, remember to follow me to keep in touch with my studies on stocks and indices.
Have a good weekend!
As we see, in the 1h chart, the trend is bullish again, as we have higher highs/lows. What’s more, we are above the 21 ema, and it just did an upwards breakout from a “Trap Zone” (the area between the resistance at $ 1,100 and the 21 ema).
Now, it seems the $ 1,150 is the next resistance on it. Let’s see the daily chart for more clues:
The trend is still bullish here too, despite the sell-off after Musk’s tweets. The $ 1k did work as a phenomenal support level for us, and there’s no bearish sign around.
The only thing missing here is a good volume today. Either way, the reaction this week was very good. What’s more, keep in mind that we have an open gap at $ 1,208, which is going to work as a target.
The movement next week is going to be decisive for TSLA in the mid/long-term. If you liked this analysis, remember to follow me to keep in touch with my studies on stocks and indices.
Have a good weekend!
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