Yesterday TSLA closed above 800$. It didn't happen since 21th february and this could mean that an interesting and volatile period is starting for it.
Since it is still moving within the channel drawn by the trend lines, this means there aren't any important daily resistances yet.
At this point the inverstor can surf this moment and make the symbol dance between the top daily trend line (like most of the times happens to the tiltes with a strong daily trend line) and the 800$ support level.
Since it is still moving within the channel drawn by the trend lines, this means there aren't any important daily resistances yet.
At this point the inverstor can surf this moment and make the symbol dance between the top daily trend line (like most of the times happens to the tiltes with a strong daily trend line) and the 800$ support level.
Comment:
Trend line has been broken with a very extended movement. There is a very high chance that the title will suffer from a sell-off.
Today its trade has to be careful.
Today its trade has to be careful.
That's weird for a title like this with an ATR(14) of 19.50.
The peak reached on yesterday of 815.14 has been crossed in the premarket, so if the pre-market volume while raise, a bullish movement until the next resistance level of 822 (upper trend line level) is predictable.