TSLA: A decisive moment in a dual-support zone!
Hello traders and investors! Let’s see how Tesla is doing today!
Yesterday, Tesla hit our target, the 21 ema in the daily chart, which we discussed in the analysis I did on Friday (link below, as usual), and now is the time for a reaction.
The hourly chart has a support level around the $ 425.40 (blue line), and Tesla is retesting it as well. Any reaction around here would be welcome, as Tesla is still bullish in the mid-term, and the daily chart confirm this:
Tesla is struggling at the 21 ema region, as expected, since it recently hit an important resistance zone, which is the $ 461.88.
So far, we see no reaction here, and the bears are still in charge in the short-term. But keep in mind that we have a dual support zone near the $ 425, which is made by the blue line in the hourly chart, and the 21 ema in the daily chart.
Any bullish reaction now would be a trigger for the bull trend return, and the $ 461.88 is the next pivot point that could lead TSLA to its All Time High again.
Let’s keep our eyes open, as now Tesla is at its most decisive moment! And if you like this analysis, please, support it! And follow me to keep in touch with my daily updates on Tesla and other stocks!
My best regards.
Yesterday, Tesla hit our target, the 21 ema in the daily chart, which we discussed in the analysis I did on Friday (link below, as usual), and now is the time for a reaction.
The hourly chart has a support level around the $ 425.40 (blue line), and Tesla is retesting it as well. Any reaction around here would be welcome, as Tesla is still bullish in the mid-term, and the daily chart confirm this:
Tesla is struggling at the 21 ema region, as expected, since it recently hit an important resistance zone, which is the $ 461.88.
So far, we see no reaction here, and the bears are still in charge in the short-term. But keep in mind that we have a dual support zone near the $ 425, which is made by the blue line in the hourly chart, and the 21 ema in the daily chart.
Any bullish reaction now would be a trigger for the bull trend return, and the $ 461.88 is the next pivot point that could lead TSLA to its All Time High again.
Let’s keep our eyes open, as now Tesla is at its most decisive moment! And if you like this analysis, please, support it! And follow me to keep in touch with my daily updates on Tesla and other stocks!
My best regards.
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