TSLA: Key points for the next week!

Hello traders and investors! Let’s see how TSLA is doing today!

Yes, TSLA retested its Fibonacci’s Retracements, and now it is trying to do a reaction. The $ 695 seems to be a pivot point, which might make TSLA fly again, but it wasn’t triggered yet.

The Island Reversal chart pattern is still valid, and this is another thing that reinforces the bullish thesis here.

The problem is the 21 ema in the daily chart:


The 21 ema is working as a resistance for us, and TSLA must defeat it in order to fly again and seek its next resistances.

I like the fact that TSLA did bearish candlesticks in the last two days, but the volume was quite low. I know that it went up today, but the candlestick is still back.

We closed under the 21 ema, and this is frustrating. If this ruins the bullish bias or if it’ll seek the gap at $ 732 it is for us to decide. Next week we’ll have more to work with.

If you read this far, remember to follow me to keep in touch with my daily studies.

Have a good weekend!