1H chart update:
- Since the Oct 30 low, Tesla has formed a new uptrend. Continuously moving up and forming new higher high and higher low.
- Currently Tesla trading range between $245 - $231. Sooner or later, the stock will move higher or lower, for me we are breaking above.
- As of right now stock is facing a major resistance line which formed in July and this is the 5th time the stock is trying to push through. So far failing!
But as you can see below the chart, the resistance line and support lines are narrowing, which means this week will move up or down significantly.
Upside first target 250 then 265, downside 230, and potentially fill the gap around 225.
- Since the Oct 30 low, Tesla has formed a new uptrend. Continuously moving up and forming new higher high and higher low.
- Currently Tesla trading range between $245 - $231. Sooner or later, the stock will move higher or lower, for me we are breaking above.
- As of right now stock is facing a major resistance line which formed in July and this is the 5th time the stock is trying to push through. So far failing!
But as you can see below the chart, the resistance line and support lines are narrowing, which means this week will move up or down significantly.
Upside first target 250 then 265, downside 230, and potentially fill the gap around 225.