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TSLA at Critical Level - Could Go Either Way

Tesla (NASDAQ:TSLA)  
cloud9futures Updated   
NASDAQ:TSLA   Tesla
Support and Resistance Trend Lines Multiple Time Frame Analysis Tesla Motors (TSLA) tslaanalysis tslachart Divergence bollingersband Technical Analysis Falling Wedge macdivergence macdcross
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supportandresistance trendline mtfa tsla tslaanalysis tslachart divergence bollingersband technicalanalysis fallingwedge macdivergence macdcross
TSLA is at a critical point with the volume shelf and other factors that could mean either direction.

Bull Case:
  • Retesting Breakout Level
  • Falling Wedge on Daily/65m
  • Bullish Divergence on 65m
  • Some Bollinger Band squeezing on 65m

Bear Case:
  • Net Premium flow favors puts heavily
  • Bearish Engulfing Candle on Weekly
  • MACD crossing down on Daily
  • Hidden Bearish Divergence on Daily that may not have completely played out
  • May be slightly below volume shelf - next shelf at $912
  • Diminishing Volume on Daily

So:

If Bulls Win... (price breaks $1,037)
  • PT1 - $1,045
  • PT2 - $1,065
  • PT3 - $1,087

If Bears Win... (price breaks $1,021)
  • PT1 - $1,011
  • PT2 - $1,000
  • PT3 - $1,090
Comment:
PT3 for the bear case should say $990, not $1,090
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