TSLA's price has spent the last week whiting a range between 817-942.
The break of 817 on Friday came as the bulls exhausted gave way to Bears and rumors of War.
TSLA began its upward rally on Monday and pushed forward above the 915 resistance/support.
Will TSLA have enough to break the 950 resistance?
And even then it should not be considered completely Bullish until it claims the 980 mark.
The Bears might pile on the price if the see a clear rejection at 950 and if so they might be encouraged by the gap left behind on Tuesday premarket form 873-891.
One thing is for sure as long as TSLA continues to trade sideways above 950 the Bulls can give themselves a brief pat in the back, below 950 the Bears remain in control with an opportunity to hold the position for sometime.
The break of 817 on Friday came as the bulls exhausted gave way to Bears and rumors of War.
TSLA began its upward rally on Monday and pushed forward above the 915 resistance/support.
Will TSLA have enough to break the 950 resistance?
And even then it should not be considered completely Bullish until it claims the 980 mark.
The Bears might pile on the price if the see a clear rejection at 950 and if so they might be encouraged by the gap left behind on Tuesday premarket form 873-891.
One thing is for sure as long as TSLA continues to trade sideways above 950 the Bulls can give themselves a brief pat in the back, below 950 the Bears remain in control with an opportunity to hold the position for sometime.
Comment:
For scalpers 927 is your mark
Trade active:
893 Retest?
Comment:
TSLA breaking out of Bull flag formation
possible retest of 950
possible retest of 950
Comment:
Weakness starting to show for 927
