jamespwu

TSLA, major resistance test

NASDAQ:TSLA   TESLA INC
79 0 4
TSLA             , bounced off hard since earnings . it retraced 62% of the Fib. This could be an important level to watch. Positives: Good Momentum, Positive News about the new models, Shorts getting really squeezed. Sitting above 200 MVA. Negatives: Over extended according to daily RSI , Hitting major resistance.

The next level will be the gap fill to about the 236-238 area, if it takes the resistance out

Personally, the stock could take a rest, even if it fills the gap.
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