Tesla is at a critical level that has acted as both resistance and support in the past. At the moment it is straddling this price and it has not made up its mind which it will be. Until it gets above its current level and tests it as clear support, I will be leaning bearish. It does look like it could break out and flip the script though. It is definitely trying to do so. Not sure if the bulls have it in them though. I will keep up on this chart and update as things move forward. I am very interested in going long on TSLA if it can up above this level. Once it does that we can start looking out for levels, anywhere between ~$265 and ~$300. If price gets smacked down, then we are looking for the ~$95 to ~$65 levels and a really nice short setup will present itself.
6/2 vs 2/16 both hit 217, one was above 200 moving averages for days 6/2 and the other 2/16 broke through for a moment then down reversal. So 6/5 goes which way? Way of 2/16 or new trend up?