Tesla just staged a stunning rally over the past few trading days, and after a brief but notable sell-off down to the 380 level last week, Tesla is now sitting back at long-term resistance (Green trend line). Can the bulls seize this week's liquidity/optimism wave, and break us back above the Green line to maintain the bullish thesis? I say it's not going to happen. What do you guys think?
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Global markets are losing steam here mid-afternoon, and Tesla is now notably off it's high's, and sitting below the long-term resistance line. Absent a clear break above today, we could see further downside into the back nine of the week...Note
Tesla is back at resistance again after the majors caught a bid around 2PM. The bulls have no intention of letting this opportunity pass them by...Note
Struggling here at the long-term support-turned-resistance (Green) trendline. Global markets are rallying hard today, but Tesla is not getting any love (for now). If this week's momentum continues, there's a good chance we see a breakout. But, as markets begin to roll over into the afternoon session today, and if we get another clear rejection at the Green line resistance, we could see a sharp shift in momentum to the downside...Note
Third day in a row where we're seeing Tesla hit a brick wall at the Green line resistance. The majors gapped up again overnight, as they march toward a similar long-term resistance trendline. let's see if this (seemingly) perpetual short squeeze continues again tomorrow, or if this is the end of the interim relief rally...
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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.