TSLA bounces from the previous support at $331.07, RSI shows a trend reversal, and MACD is primed for upward movement. DMI can confirm an extended upward trend as price develops tomorrow. Expect upward movement past resistances at the 61.8% and 78.6% Fibonacci. I will close my trade at $367.97. If DMI confirms a long-term bull trend toward the 100% retracement, trades should tighten up the stop loss and increase the upper closing trade price.
Note
We've tightened up the stop loss to $353.91 as the RSI enters the oversold zone, the reversal might occur before the 61.8% fib.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.