TESLA REVERSAL - KEY ZONE PROVIDES BULL CASE SCENARIO
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RSI & Stochastic are showing that TSLA is very oversold.
Extremely high support at ~$180 is within reach and is the key area for a reversal.
Long term uptrend line is also within reach and shows confluence with the key support level of $180.
LONG TSLA within the $180-190 region.
Note
Support zone has been respected, by price has bounced off this level quite strongly and is forecasted to continue higher. Observance of a continuation and follow through of this bounce is expected within the short and medium term.
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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.