TSLA has broken the 382 fib resistance at 636.. This could yield a move to 690. Expect resistance at the downward trendline. Needs to hold above the green box. Beyond 690 look for 730/754.
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Pushed into the trendline over night. If it can break through expect short squeeze type price action and quick move up to the 690/700 area.
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690 hit.
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700 is the magnet now. It sits just above a 618 fib so expect profit taking in that area.
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This weekly chart gives the bird's eye view. TSLA ran right up into trend line resistance. Now needs to break the trendline and get above the 618.
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TSLA has been consolidated just below the 618 as expected. Looks poised to break above today. Further targets on a break would be 700 /730 /750.
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Broke the 618 briefly and hit 700, but then fell right back. Showed some weakness today likely brought down with the China names. Still technically sound and could easily reverse higher. Don't really want to see it fall back below the breakout point.
