$TESLA Observation - Anchored VWAP resistance

The anchored Vwap since the start of the year has been providing meaningful resistance for the price action of Tesla ever since the market started trading under it. This will be an important level to watch as it will shift the balance in favor of the bulls should price manage to trade above it. However, as long as we stay below this important level.. The majority of participants who have purchased a position in Tesla this year are under water and will be under pressure to sell if we are not able to make a meaningful move over the Anchored Vwap level (orange line - 694.94 currently). Price is stuck within the 200 day moving average (green line) providing support and the anchored vwap as resistance, so we will need to watch for a convincing break of either to decipher where the next big move is coming from..