TSLA: Get Ready. 👀
• It seems TSLA wants to correct from here. If it loses the dual-support made by the 21 ema + purple trend line in the 1h chart, we might expect a pullback to the 21 ema in the daily chart, at least;
• The most important support level is the $123. Only if TSLA loses this key point it would resume the bear trend seen in the daily chart, and in this scenario, the $100 area might be our next stop;
• What’s more, the $123 is around the 50% Fibonacci’s Retracement in the 1h chart;
• TSLA will report earnings today, and in order to maintain the bullish bias it is important to stay above the 21 ema in the daily chart, despite any short-term correction due to volatility;
• In addition, to confirm a true bullish sign, it has to break the purple trend line seen in the daily chart, connecting the previous top levels. If TSLA fails in doing so, and triggers a top sign under this line, the situation might get ugly (again);
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
• The most important support level is the $123. Only if TSLA loses this key point it would resume the bear trend seen in the daily chart, and in this scenario, the $100 area might be our next stop;
• What’s more, the $123 is around the 50% Fibonacci’s Retracement in the 1h chart;
• TSLA will report earnings today, and in order to maintain the bullish bias it is important to stay above the 21 ema in the daily chart, despite any short-term correction due to volatility;
• In addition, to confirm a true bullish sign, it has to break the purple trend line seen in the daily chart, connecting the previous top levels. If TSLA fails in doing so, and triggers a top sign under this line, the situation might get ugly (again);
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
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