As you can see from the chart, at the moment, Tesla
is bouncing between a support and a resistance level
. The Bullish Trendline
is also playing a key role. Last earnings release was stunning
with a surprise of over 40%
. Fundamentals are definitely bullish
and price action just did a sideways correction.
Everything seems ready for a new strong uptrend that will be only confirmed by a strong break of the resistance area .
Sky is not the Limit
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.