TeslaShort
TSLA SHORT
Here is what I'm thinking for Tesla to the $500 range...
Green line is resistance at the top. The 2 red arrows are where it tried to break through but was rejected, sending it down to the blue line which is the next nearest support. For it to continue up it needs to hold that line, if it breaks that it has no support until it hits the red line which is $500.
It has a support at about $500 which is the red line. Right at the split back in August is where this support was made which means A LOT of people own at that high price when it split.
The first lower left arrow shows where it tried to break above the $500 support and was rejected the next day where the red arrow is. It bounced around that $400 range before it tested the $500 support level where the second yellow arrow is and broke through which sent it sky rocketing.
The first lower left arrow is
Green line is resistance at the top. The 2 red arrows are where it tried to break through but was rejected, sending it down to the blue line which is the next nearest support. For it to continue up it needs to hold that line, if it breaks that it has no support until it hits the red line which is $500.
It has a support at about $500 which is the red line. Right at the split back in August is where this support was made which means A LOT of people own at that high price when it split.
The first lower left arrow shows where it tried to break above the $500 support and was rejected the next day where the red arrow is. It bounced around that $400 range before it tested the $500 support level where the second yellow arrow is and broke through which sent it sky rocketing.
The first lower left arrow is
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.