Tesla has yet to find any bullish movement and media continues to push down the stock with false rumors of Tesla's autopilot causing the latest Texas crash. Tesla looks too fall towards the long term trend line (green) that has formed for over a year. There has been several bounce off this level and shows good sign of support.
Be on the look out though for a weekly close below the trend line, that would mean an end of the bullish cycle for Tesla and $500-450 would be incoming.
A bounce off the trend line and weekly close above would show good support and continued signs of upwards movement.
Be on the look out though for a weekly close below the trend line, that would mean an end of the bullish cycle for Tesla and $500-450 would be incoming.
A bounce off the trend line and weekly close above would show good support and continued signs of upwards movement.
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