• TSLA is bouncing, trying to seek its next technical resistance levels. However, the bias is still bearish;
• Since TSLA failed in breaking the support at $123, as we mentioned in our previous analysis, it couldn’t resume the bear trend, and this bear market rally will persist (the link to my previous analysis is below this post, as usual);
• TSLA could reverse the bear trend, but we must see a better, clearer, bullish structure for that, not only a rally;
• For now, it seems TSLA wants to retest the $140 area, our 38.2% Fibonacci’s Retracement. Then, we’ll see how to proceed;
• To sum up, TSLA is in a no man's land. The key support is at $123, and TSLA has to break it in order to resume the bear trend. The key resistance is the $140, and TSLA breaks it, the rally will persist – However, there’s no bullish structure on it yet;
• I’ll keep you updated on this, as usual;
Remember to follow me to keep in touch with my daily analyses!
• Since TSLA failed in breaking the support at $123, as we mentioned in our previous analysis, it couldn’t resume the bear trend, and this bear market rally will persist (the link to my previous analysis is below this post, as usual);
• TSLA could reverse the bear trend, but we must see a better, clearer, bullish structure for that, not only a rally;
• For now, it seems TSLA wants to retest the $140 area, our 38.2% Fibonacci’s Retracement. Then, we’ll see how to proceed;
• To sum up, TSLA is in a no man's land. The key support is at $123, and TSLA has to break it in order to resume the bear trend. The key resistance is the $140, and TSLA breaks it, the rally will persist – However, there’s no bullish structure on it yet;
• I’ll keep you updated on this, as usual;
Remember to follow me to keep in touch with my daily analyses!
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