- TSLA is currently in a neutral trend, sitting close to support but also right under 186.5 range resistance
- TSLA has been performing relatively weaker than QQQ as of this week.
- Earnings seasons are coming up and there's fear of earnings recession so either earnings come in normal and the fear alleviated and we get bull moves or vice versa.
- QQQ also closed right at resistance on Friday, if QQQ dont continue moving higher its going to drag TSLA down as well.
Excellent analysis. If tsla breaks support, how low do you think it goes? If tsla holds support where do you see it reaching? Thanks.
ArcadiaTrading
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@premsaggar, Thanks likely chop around in that range until earnings. If it breaks above it needs to break above $210. feel free to check out my Youtube i post daily market updates
Julien_Eche
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Good analysis
ArcadiaTrading
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@Julien_Eche, thanks, feel free to check out my YouTube i post market updates daily :)