We are yet to see if Twitter acquisition has any negative impact on the stock for for the moment is holding well despite after hours drop to near support range.
The Weekly RSI seems aligned for a bounce and break of that massive trendlines structure (ignoring a few outliers or deviations from the mean)
The 228-239 range look like a compelling buffer zone. Ideally I would like see overall weekly volumes rising which is not happening yet but from the daily and bellow some sings
The 300 range is a clear resistance level opening up precedent for very strong level to take as solid S/R heuristic going forward. It a technical target to aim for which is equally confluent with the weekly candle-close based trendline coming from the top.
Overall, other than macro economic factors and the aftermath of Twitter acquisition I think Tesla future is pretty solid specially considering what was revealed in the the Tesla AI day. The prospects and implications of the Tesla Robot are massively underestimated.
Are we back into bull market? That I have serious doubts but there is good basis for a bounce and Tesla in general holding well the current macro trading range.
The Weekly RSI seems aligned for a bounce and break of that massive trendlines structure (ignoring a few outliers or deviations from the mean)
The 228-239 range look like a compelling buffer zone. Ideally I would like see overall weekly volumes rising which is not happening yet but from the daily and bellow some sings
The 300 range is a clear resistance level opening up precedent for very strong level to take as solid S/R heuristic going forward. It a technical target to aim for which is equally confluent with the weekly candle-close based trendline coming from the top.
Overall, other than macro economic factors and the aftermath of Twitter acquisition I think Tesla future is pretty solid specially considering what was revealed in the the Tesla AI day. The prospects and implications of the Tesla Robot are massively underestimated.
Are we back into bull market? That I have serious doubts but there is good basis for a bounce and Tesla in general holding well the current macro trading range.
Order cancelled:
The way THIS is trading I no longer think this idea is good. At least for now.
D7R