TSLA: Big Move Ahead.
• TSLA is struggling under the resistance at $200;
• This doesn’t mean that TSLA is poised to correct or reverse, as there’s no top sign on it yet;
• Right now, TSLA is in a “no man’s land” between the $182 - $200;
• Only if TSLA loses the $182 we might see a sharper correction to lower levels – remember, since it is a bull trend, corrections might be opportunities to buy/add position. As long as TSLA remains above $182, no correction will occur;
• On the other hand, if TSLA breaks the $200, then the bullish bias will persist, and the next technical target is the $237;
• Either way, if TSLA corrects, now would be a good time to see a top sign, since we are under a clear resistance. Let’s see how it’ll react today.
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• This doesn’t mean that TSLA is poised to correct or reverse, as there’s no top sign on it yet;
• Right now, TSLA is in a “no man’s land” between the $182 - $200;
• Only if TSLA loses the $182 we might see a sharper correction to lower levels – remember, since it is a bull trend, corrections might be opportunities to buy/add position. As long as TSLA remains above $182, no correction will occur;
• On the other hand, if TSLA breaks the $200, then the bullish bias will persist, and the next technical target is the $237;
• Either way, if TSLA corrects, now would be a good time to see a top sign, since we are under a clear resistance. Let’s see how it’ll react today.
Remember to follow me to keep in touch with my daily analyses!
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