TSLA stock looking to take out next resistance level
I was very bearish on TSLA but was positive the share price would bounce early 2023, but how high I was not sure. The larger time frames 1 month 3 month and 6 month were very overextended and the pattern was showing rebound early 2023. I have been trading TSLA a lot this year so far, mostly upside but also to the downside when price became overextended on Jan 27 and then again on Feb 9 when the sell off was obvious by the candle.
As of this chart now, I am very bullish on TSLA going higher and I anticipate it will take out the next level resistance at 234$ soon. It first needed to take out the strong 200$ resistance, which it did, only to pull back below it last week.
Yesterday's price broke back above 200$ and today's candle is a very bearish setup.
I like TSLA continuing to go higher from here.
What do you guys think?
As of this chart now, I am very bullish on TSLA going higher and I anticipate it will take out the next level resistance at 234$ soon. It first needed to take out the strong 200$ resistance, which it did, only to pull back below it last week.
Yesterday's price broke back above 200$ and today's candle is a very bearish setup.
I like TSLA continuing to go higher from here.
What do you guys think?
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