TSLA regains Nov 2016 support after 5% recovery this week.

In the space of 2 days, Tesla dropped 5% and then regained support of a rising trend that began almost 2 years ago.
This should be a strong indicator that the 'weak hands' have been flushed out ..

Cap that with a strong rally higher in the finishing moments of wednesday.. I have a hard time imagining this won't open higher Thursday.. possibly into a short squeeze.

Yorum:

Here's the weekly chart where you can see the whole support line and the strong hammer so far this week.