$Tesla (TSLA.US)$ Tesla looks set to retest the 1100 resista...

$Tesla (TSLA.US)$
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!

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