Tesla just staged a stunning rally over the past few trading days, and after a brief but notable sell-off down to the 380 level last week, Tesla is now sitting back at long-term resistance (Green trend line). Can the bulls seize this week's liquidity/optimism wave, and break us back above the Green line to maintain the bullish thesis? I say it's not going to happen. What do you guys think?
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Global markets are losing steam here mid-afternoon, and Tesla is now notably off it's high's, and sitting below the long-term resistance line. Absent a clear break above today, we could see further downside into the back nine of the week...
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Tesla is back at resistance again after the majors caught a bid around 2PM. The bulls have no intention of letting this opportunity pass them by...
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Struggling here at the long-term support-turned-resistance (Green) trendline. Global markets are rallying hard today, but Tesla is not getting any love (for now). If this week's momentum continues, there's a good chance we see a breakout. But, as markets begin to roll over into the afternoon session today, and if we get another clear rejection at the Green line resistance, we could see a sharp shift in momentum to the downside...
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Third day in a row where we're seeing Tesla hit a brick wall at the Green line resistance. The majors gapped up again overnight, as they march toward a similar long-term resistance trendline. let's see if this (seemingly) perpetual short squeeze continues again tomorrow, or if this is the end of the interim relief rally...
