Tesla is currently trading within a symmetrical triangle, which remains intact until the price manages to break out or break down.
In other words, a decisive move through support or resistance will likely determine the stock’s next direction.
At this point, there isn’t enough conviction in either direction to forecast the outcome.
Key levels to watch outside the triangle are $260 on the upside and $165 on the downside.
In other words, a decisive move through support or resistance will likely determine the stock’s next direction.
At this point, there isn’t enough conviction in either direction to forecast the outcome.
Key levels to watch outside the triangle are $260 on the upside and $165 on the downside.
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