TSLA: Is This a Top Sign? Only if it Does This. ðĪ
âĒ TSLA is still in a very strong bull trend, despite the correction this morning; âĒ In the 1h chart, TSLA is still doing higher highs/lows, trading above the 21 ema; âĒ As long as TSLA remains in a bull trend in the 1h chart, hardly it would trigger a sharper pullback in the daily chart; âĒ The problem is that in the daily chart, TSLA failed in breaking the resistance at $182.50; âĒ Even if TSLA loses the 21 ema in the 1h chart, and triggers a sharper correction in the daily chart, TSLA still has the 21 ema (D) as a mid-term support level; âĒ In the daily chart, the 21 ema is near the gap area at $146, making this a dual-support area; âĒ For now, letâs pay attention to the 21 ema in the 1h chart, and on how itâll react now that it is almost at the resistance area around $182.50. Iâll keep you updated on this, as usual.
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