TESLA looking bearish for next week
I am a huge fan of TSLA but when it looks bearish I have to say so even though the fan boys will be mad.
I have my usual weekly chart left, daily in the middle and 4 hour on the right. This works best for more swing style trades.
On the left weekly time frame we can see the all time high of 1243.49 hit on Nov 4 2021 and then the strong 1200 resistance shown after this.
The middle daily chart is showing the recent 950 resistance and yesterdays ( Feb 11) very bearish candle looks to be setting up to go lower.
There is support though on yesterdays low shown on the right 4 hour chart of 850. It is totally possible that holds and we see a bounce higher early next week but we will have to wait and see.
Of course if one was looking to short I would make sure 850 does not hold first.
I am a huge a fan of this company so to turn things around I would first need to see price back above that strong 950 resistance and then followed by the very import psychological level of 1000.
I have my usual weekly chart left, daily in the middle and 4 hour on the right. This works best for more swing style trades.
On the left weekly time frame we can see the all time high of 1243.49 hit on Nov 4 2021 and then the strong 1200 resistance shown after this.
The middle daily chart is showing the recent 950 resistance and yesterdays ( Feb 11) very bearish candle looks to be setting up to go lower.
There is support though on yesterdays low shown on the right 4 hour chart of 850. It is totally possible that holds and we see a bounce higher early next week but we will have to wait and see.
Of course if one was looking to short I would make sure 850 does not hold first.
I am a huge a fan of this company so to turn things around I would first need to see price back above that strong 950 resistance and then followed by the very import psychological level of 1000.
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