Tesla
Short
Updated

TSLA Bounce?

343
While TSLA is still in a downward trend you might witness some bounces.
These last week we have witnessed some sharp aggressive movements both up and down.
The choppiness has not ended
TSLA expected to reject within 805-815 range.
Once rejection is confirmed
TP1-730
TP2-700
Note
TSLA beautiful rejection @800
snapshot
Trade active
Great rejection
730 coming up
snapshot
Note
765 target reached
Trade active
Bears with strength here @761
snapshot
Note
TSLA with two strong resistances near by
@ 780 & 792
There could be a small bounce and retest of these levels.
Or price urged by the target @ 707 might continue towards 745 where a reaction is expected.
snapshot
Note
I will point out that a retest anywhere above 815 will raise flags since price action could seek to retest the top trend wall heading towards 882 and the familiar 980
snapshot
Note
TSLA retest of 790
snapshot
Note
beautiful rejection @800
snapshot
Note
Previous rejection gained strength and bounced off 786
possible retest of Bearish channel seeking 823
If 823 is crossed with strength ...keep in mind that price has continued to move forward without volume, but if it continues it count fight its way to 850 which will really encourage the bulls in their rally
snapshot

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.