TSLA is back within a strong support zone, could see a bounce.
TSLA is back within the territory of a previously strong support zone around $180, as shown by the white box. We saw this zone hold several times back in 2014-2016, and it has proven (at least historically) to be a zone in which buyers will step in. Following all of the bearish price action and overly bearish sentiment in my opinion, we could see a potential short-squeeze and or rally back up to the $240-250 level; as shown by my yellow box.
Moving average guide (All Weekly for this post):
50 weekly moving average in Green.
200 weekly moving average in Red.
Area's to watch:
$178-190; as this was a strong support zone back in 2014-2016.
$240-250; as this previous support zone should now act as resistance.
50 and 200 week moving averages; as they could also be potential sell targets if TSLA does bounce from this support zone.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Moving average guide (All Weekly for this post):
50 weekly moving average in Green.
200 weekly moving average in Red.
Area's to watch:
$178-190; as this was a strong support zone back in 2014-2016.
$240-250; as this previous support zone should now act as resistance.
50 and 200 week moving averages; as they could also be potential sell targets if TSLA does bounce from this support zone.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Catatan
There it is. Could just be a dead-cat, so keep that in mind: Catatan
So far so good: Catatan
Target 2 hit: 
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FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.