TSLA Failed Bullish Triangle Breakout?

23 באוק׳ 2020

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.