Tesla, Symmetrical Triangle Analysis

Tesla is about to retest a Strong long-term Support, right above the long-term Bullish Trendline (that has already been rejected one month ago). Bearish volume is small compared to the bullish and those two levels may be a perfect bounce point.
Pay close attention to what price will do the next days. As you can see from the chart, there is also a mid-term bearish trendline above. The two trendlines are creating a Symmetrical Triangle Pattern.
Once the stock breaks one of these trendlines:
  • 360 and 385 can be used as resistance levels
  • 245 and 200 can be used as support levels

Sky is not the Limit

The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
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