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rickhubbard10
Apr 30, 2021 7:14 PM

TSLA at pivot point for move up Long

Tesla, Inc.NASDAQ

Description

TSLA has the ability to test up to $718-$720 within the next week.

If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30

Topside supply of this move comes in the ranges between $760 and $780.


A break of this upper supply range gives TSLA the ability to retest the red-trendline gap resistance. The price target for this move would depend on when TSLA is able to find a lack of supply below $780.

The drawn arrowed lines indicate an important trend progression for TSLA in deciding whether it will be able to test the above range.

A break below the drawn tan downtrend line will likely see TSLA retest the lower light-blue trendline support.
Comments
morgancarter
Fantastic!
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