Simple analysis--
TSLA
is fighting the 50 day MA currently, however it appears it may have broken from a descending parallel channel on the lesser timeframes. I believe this, concurrent with the bounce off of the larger parallel channel support line, signals a bullish trend up until our major resistance around the ~$360 area.
TSLA
is fighting the 50 day MA currently, however it appears it may have broken from a descending parallel channel on the lesser timeframes. I believe this, concurrent with the bounce off of the larger parallel channel support line, signals a bullish trend up until our major resistance around the ~$360 area.