Hello traders and investors! Let’s see how TSLA is doing today!
To nobody’s surprise, we are seeking the support levels, exactly as we thought in our last study (the link is below, as always). We just quickly retested the $ 760s area, and now we are bouncing back up.
There’s a reason why this yellow area is a nice support level. First, it was a previous top (Sep 8); Second, it was the previous support on Sep 28. Now that we are doing such a good reaction, it seems this support level will hold the price for now.
In the daily chart, we still could retest the 21 ema in the daily chart, and I think that would be a clear buy opportunity on TSLA. However, since the reaction in the 1h chart is so good, I’m not sure if we’ll hit there anytime soon.
The mid-term bias is still clearly bullish, as we see not a single bearish structure around. As long as we see higher highs/lows, the trend will persist, and I’ll keep my target at $ 821 for now.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Have a good weekend.
To nobody’s surprise, we are seeking the support levels, exactly as we thought in our last study (the link is below, as always). We just quickly retested the $ 760s area, and now we are bouncing back up.
There’s a reason why this yellow area is a nice support level. First, it was a previous top (Sep 8); Second, it was the previous support on Sep 28. Now that we are doing such a good reaction, it seems this support level will hold the price for now.
In the daily chart, we still could retest the 21 ema in the daily chart, and I think that would be a clear buy opportunity on TSLA. However, since the reaction in the 1h chart is so good, I’m not sure if we’ll hit there anytime soon.
The mid-term bias is still clearly bullish, as we see not a single bearish structure around. As long as we see higher highs/lows, the trend will persist, and I’ll keep my target at $ 821 for now.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Have a good weekend.
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