TSLA weekly analysis

26 Nis 2019

Bear breakout in TSLA from failed double bottom pullback. Bulls could not even trigger the setup (last week). Bull gaps below likely to be tested around $225 and $200. TSLA was in a trending trading range bull trend, which is now evoloving into a large trading range. Until one side gets a strong breakout, prices will likely remain range bound within a larger range made up of both trading ranges. If bears get strong follow through next week, prices will likely test the most recent higher low around $200, and possibly all the way down to the $125 start of the bull trend.