TSLA Failed Bullish Triangle Breakout?
TSLA seemed to breakout from the symmetric triangle at around Oct 9, but then hit resistance at $465. I drew in a short-term bullish pennant before earnings, but TSLA has also failed to break out from there. The next level of support is at $405 and the final level of support before I am completely bearish is the top trend line of the failed symmetric triangle. If TSLA falls beneath both the horizontal and the trend line resistance, I will be looking to short for a couple weeks until the next support at $350. However, there is a chance that TSLA bounces off these supports.
This is not financial advice. Be aware of your own risks.
This is not financial advice. Be aware of your own risks.
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