TSLA: Dead Cat Bounce or not? Key Points to watch from here!

• TSLA is going up nicely, as we expected since our previous analysis on it. We nailed the bottom at $110, and now it seems it is just heading to the next resistance at $126 (the link to my previous analysis is below this post, as usual);
• In the 1h chart, we see that TSLA corrected since it hit $123. This is acceptable, but it must not too much from here, otherwise, it might ruin our thesis that it’ll hit the $126, and just resume the bear trend (which is still extremely strong, by the way);
• In addition to the $126, there’s a trend line in the 1h chart, connecting the previous top levels, and this could work as a resistance as well;
• Only if TSLA breaks this trend line and the $126, it might have some chance of bouncing to higher levels, like the 21 ema in the daily chart - otherwise, it is just a Dead Cat Bounce;
• The situation is still delicate on TSLA, but let’s watch these key points carefully from now on. I'll keep you updated on this.

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