Tesla - Unlikely we are out of the corrective woods

Tesla is marred with strong bearish sentiment and despite forming a potential double bottom with a bullish harami, the stock's momentum is lacking. DMI shows a trendless situation, MACD slowing momentum is seen. As such, the upside is likely to capped at US$768 level. Main rebound remain at US$506 and US$432

Trade active:

On track to resistance 1. Based on the momentum shown, we are likely able to reach resistance 2 at US$863.08