Points to monitor next Monday!

Tesla failed in breaking the resistance we've been talking about at 592, and it is still inside a range. We must wait for a breakout from this point before we can do anything. If it drops below the 580, the 571 is the next stop for Tesla, or it could even fill the gap, but I'm not counting too much on this.

snapshot

One of the reasons why I'm aiming for Tesla is the advanced breakout seen in the RSI, that could make it fly again to the 626, but we have no confirmation on the price yet. Let's keep watching the 592 area, this is the most important line for us. Peharps, this drop is just a pullback before the next bullish leg. We'll see.

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See you soon,
Melissa.
advancedbreakoutTechnical IndicatorsrangetradingRelative Strength Index (RSI)Support and ResistanceteslaTrend AnalysisTesla Motors (TSLA)

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