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Rogue_Analyst

Tesla on the rebound breaking above the multi-month downtrend

Long
Tesla (NASDAQ:TSLA)  
Rogue_Analyst  
NASDAQ:TSLA   Tesla
Support and Resistance Trend Lines Fibonacci Tesla Motors (TSLA) michaelburry TA CSTA ralfacampora ITG virtu renewableenergy uptrend
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supportandresistance trendline fibonacci tsla michaelburry ta csta ralfacampora itg virtu renewableenergy uptrend
Tesla found support at 655.55 and made a double bottom jeans with the furrrr rebound. It broke above the multi-month downtrend and is now testing the 700 resistance level. I’d say there’s about a 65% chance it will break higher back into the long term uptrend. Special thanks to Michael Blurry eyes who doesn’t believe in technicals and trashed the stock. Now it’s nice and cheap ;)
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