Hello traders and investors! Let’s see how Tesla is doing today!
We still didn’t see a good breakout from any of the points we discussed yesterday, but it seems the green line is going to be defeated soon. The 21 ema is going up and should work as a support in case of a pullback. If Tesla loses the 21 ema, the red line would be the next target for the stock.
Since we don’t have too many interesting things going on here, let’s see the daily chart:
I’m skeptical about this Triangle pattern, but if we see an upward breakout, the All Time High would be the next target. And as long Tesla continues to trade above the 21 ema, the situation will remain bullish.
Only if Tesla loses again the $ 359, I would see a decent pullback coming, probably to hit the 21 ema in the weekly chart, which we will analyze on Friday, as usual.
For now, Tesla is still trapped inside this Triangle, and under its resistances, and I see no good reaction so far. Either way, I’ll keep you updated about its movements, as I do daily analyses about it, so, follow me to keep in touch! And support this idea if it helped you!
Stay safe.
We still didn’t see a good breakout from any of the points we discussed yesterday, but it seems the green line is going to be defeated soon. The 21 ema is going up and should work as a support in case of a pullback. If Tesla loses the 21 ema, the red line would be the next target for the stock.
Since we don’t have too many interesting things going on here, let’s see the daily chart:
I’m skeptical about this Triangle pattern, but if we see an upward breakout, the All Time High would be the next target. And as long Tesla continues to trade above the 21 ema, the situation will remain bullish.
Only if Tesla loses again the $ 359, I would see a decent pullback coming, probably to hit the 21 ema in the weekly chart, which we will analyze on Friday, as usual.
For now, Tesla is still trapped inside this Triangle, and under its resistances, and I see no good reaction so far. Either way, I’ll keep you updated about its movements, as I do daily analyses about it, so, follow me to keep in touch! And support this idea if it helped you!
Stay safe.
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