• TSLA is trying to break the $123 area. If it confirms, this could trigger a rally to higher levels;
• Remember, a rally doesn’t mean bullish reversal. It could be, but in this case, it is too soon to tell;
• TSLA is breaking free from our Trap Zone, which we described in more details on our previous study on TSLA (link below this post);
• This breakout is important, as TSLA is in a congestion since Jan 09, as seen on the chart above;
• Only if TSLA does a downwards breakout, losing the support at 38.2% retracement, we would see a continuation of the bear trend;
• For now, let’s pay attention to these key points. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Remember, a rally doesn’t mean bullish reversal. It could be, but in this case, it is too soon to tell;
• TSLA is breaking free from our Trap Zone, which we described in more details on our previous study on TSLA (link below this post);
• This breakout is important, as TSLA is in a congestion since Jan 09, as seen on the chart above;
• Only if TSLA does a downwards breakout, losing the support at 38.2% retracement, we would see a continuation of the bear trend;
• For now, let’s pay attention to these key points. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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