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Solidified

$TSLA Mission Failed heading back to Support

Short
Tesla (BATS:TSLA)  
Solidified  
BATS:TSLA   Tesla
Trend Analysis Chart Patterns Technical Indicators optionstrading techincalanalysis
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trendanalysis chartpattern indicator optionstrading techincalanalysis
Key Price Levels:
  • Support:$223.85, $229.39, $232.50, $246.42, $250.29
  • Resistance: $257.16, $263, $268

Chart Patterns:
  • Day: 2-2d continuation
  • Week: 2-2-2u continuation (not enforce), with an inverse hammer
  • Month: 2-1 inside with inverse hammer
  • Quarter: 2-1 inside with inverse hammer

Volume Analysis:
  • Day: Bearish volume confirms the 2-2d continuation Week: Bearish volume confirms inverse hammer pattern
  • Month: Bullish volume building
  • Quarter: Volume data not conclusive.

Overall Outlook: I'm looking for a retest of $246, and possibly $232.50, before a bullish continuation.

Note: Loss it's 9 and 50-day EMAs with a 2-2d continuation and strong bearish volume.

Tracking chart Setups like meteorologist track Storms.
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