tradinghill_1

Tesla 4 hrs Analysis

NASDAQ:TSLA   Tesla
There are 3- scenarios here.

1) Tesla is re-testing 4 hrs broken trendline . Short position only once it breaks the support zone of $192-194.
2) Tesla may form previous high by forming double top with Lower high RSI . Short position only once it breaks the support of $192-194.
3) Tesla 4 hours also forming Head and Shoulder. Head at around $218 price zone and shoulder at $213 price zone. Short position only once it breaks the support neck-line of $192-194.

Either scenarios short position may occur only if price breaks below $192-194... Else price may trend higher in within trendline channel.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.