MoveFX

Reversal or Bull trend continuation

NASDAQ:TSLA   Tesla
From the Daily chart, we could see Tesla's stock price fixed in a descending channel, bumping off from the descending channel's support and resistance. Its price is advancing towards the channel's resistance and a weekly probable resistance (supply) Zone; this means two main zones could restrain more surges in Tesla's stock price. Tesla's price appreciated after its earnings announcement on Wednesday. 

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