Magic-Charts

$TSLA Does it break 700 or break down?

NASDAQ:TSLA   Tesla
It looks like TSLA is going to test resistance in the 689-700 range again today. This area has proven difficult to break before, but with good news yesterday does it have the power to break through? This chart contains some top level targets depending on the direction it chooses. On the 1hr chart, the MACD is showing that we may see increased bearish volume and the stoch rsi is showing to be very oversold. For these reasons i'd edge to the bearish side of things, but we'll need to see how things progress.

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