tradersmentality

TSLA weekly analysis

NASDAQ:TSLA   Tesla
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.
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