As the downtrend of tesla is completely coming to an end,
It is encountering some resistance because of it is reaching its all time high
Price is turning into consolidation.
From the upward Gann fan, you will notice. the price has recently went from high speed & momentum (green area) to white area to now the blue area - This signal a potential trend change.
However, I expect an upward move that will break up - once it hits the support of $252 near end of August - The timing is not exact - but if it ever touches the support line $252 - there's a good chance it will go up
But now - price is in consolidation and I will stay on the sidelines.
It is encountering some resistance because of it is reaching its all time high
Price is turning into consolidation.
From the upward Gann fan, you will notice. the price has recently went from high speed & momentum (green area) to white area to now the blue area - This signal a potential trend change.
However, I expect an upward move that will break up - once it hits the support of $252 near end of August - The timing is not exact - but if it ever touches the support line $252 - there's a good chance it will go up
But now - price is in consolidation and I will stay on the sidelines.