Failed to move UP
After getting pressured at 200 DMA on the 1H chart, Tesla rejected 2 times but closed above the 200 DMA line the first time in 2024 but that lasted only 3 hours. Friday came and went back down, more importantly, it broke below the trendline that gave support during the last 2 weeks.
Now that support is broken and failed to form a higher high, it's logical to test the last support area 182.50.
Even with AI's bullish market, Tesla is struggling to go up, unless the Board introduces a new package for Elon or the first-ever stock buyback program it is getting hard to move up.
Now that support is broken and failed to form a higher high, it's logical to test the last support area 182.50.
Even with AI's bullish market, Tesla is struggling to go up, unless the Board introduces a new package for Elon or the first-ever stock buyback program it is getting hard to move up.
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