If you look at the Tesla charts on the long term then you will see an obvious resistance, which I have drawn in the chart. In the past you can see that once the Tesla price approaches the resistance it tends to stay close to the resistance for awhile and then jump up. You can also see that when the 1W MA50 (blue line) and the 1W MA20 (orange line) converge the jump is about to happen.
Something to look out for is if the 1W MA50 (blue line) and the 1W MA20 (orange line) cross over. If they crossover it is a strong indicator that the trend is reversing and then the Tesla price won't jump up but will break through the resistance and go down.
Something to look out for is if the 1W MA50 (blue line) and the 1W MA20 (orange line) cross over. If they crossover it is a strong indicator that the trend is reversing and then the Tesla price won't jump up but will break through the resistance and go down.