The only thing to fud this up is Elon tweeting and selling his remaining 5 percent he needs to sell. In the meantime, that can happen within 2 days or 2 months. Until he needs to pay taxes So I'm just gonna ignore it for now and just play cautiously
Bear case:
~IF TSLA breaks the red support line we could see a dip back to 1000
~Note 1000 is a huge psychological level of support and will most likely be bought up if it dips below.
~As we have reached a higher high, I would not anticipate to see price going lower than 1k even disregarding mentality.
Bull case
~if we break above the green line, we broke out of a bull flag.
~We could rise to fill the gap at 1200
~We will meet some resistance at the 1126-1130 zone, but if that is broken, we officially have an inverse Head and shoulders on TSLA.
~Expect resistance at 1130, and if so be prepared to be trading in an upwards bearish wedge.
Bear case:
~IF TSLA breaks the red support line we could see a dip back to 1000
~Note 1000 is a huge psychological level of support and will most likely be bought up if it dips below.
~As we have reached a higher high, I would not anticipate to see price going lower than 1k even disregarding mentality.
Bull case
~if we break above the green line, we broke out of a bull flag.
~We could rise to fill the gap at 1200
~We will meet some resistance at the 1126-1130 zone, but if that is broken, we officially have an inverse Head and shoulders on TSLA.
~Expect resistance at 1130, and if so be prepared to be trading in an upwards bearish wedge.