$TSLA.US$ Tesla looks set to retest the 1100 resistance and ...
$TSLA.US$
Tesla looks set to retest the 1100 resistance and the 20SMA currently sitting at 1070 and is still sloping upwards.
Tesla looks set to retest the 1100 resistance and the 20SMA currently sitting at 1070 and is still sloping upwards.
It is still inbetween the support of 978 and resistance of 1100 and thus there is still no clear signs of bull or bear victory.
However the bears do have a strong resistance point at the 20sma which can help push the price back down to the 50ema or 50sma should the bulls fail to break above it again.
Monitor the price closely and if you are trading tesla, this is no man's land as you do not know whether bulls or bears will be in control. So we will have to wait for a clearer signal.
Bulls of tesla do not need reminding that every dip is a buying opportunity as their future price target for tesla is many times higher than the current levels.
As always, trade safe & invest wise!
Do help support my new YouTube channel for your twice a week TA and once a week market outlook!
https://www.youtube.com/channel/UCyPNjiwKhSL1p37lqyowuZw
https://www.youtube.com/channel/UCyPNjiwKhSL1p37lqyowuZw
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Search Investing 101 channel for my YouTube! Subscribe to stay ahead of the market with my weekly videos!
12KFollowers
7Following
79KVisitors
Follow
sloky : Can you do a review on Lucid? Thank you!
Investing 101 OP sloky : Done already
sloky Investing 101 OP : Thank you! Always looking forward to your reviews!