TESLA Buy only over this level. 360 is the extension above it.
Tesla / TSLA continues to trade inside the Channel Up that was initiated at the start of the year.
The 1day RSI is neutral so despite the presence of the Channel's bottom, we can see a break either way.
Buy only if the price closes over the Falling Resistance, which was what initiated the June / July rally last time.
The longer the Falling Resistance doesn't break, the more probable it is to see a 1day MA200 test.
Target 360.00 which is +0.618 Fibonacci on top of the previous High (1.00 then 1.618 then 2.236).
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The 1day RSI is neutral so despite the presence of the Channel's bottom, we can see a break either way.
Buy only if the price closes over the Falling Resistance, which was what initiated the June / July rally last time.
The longer the Falling Resistance doesn't break, the more probable it is to see a 1day MA200 test.
Target 360.00 which is +0.618 Fibonacci on top of the previous High (1.00 then 1.618 then 2.236).
Follow us, like the idea and leave a comment below!!
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