Quick look at TESLA,
TESLA has been trending well for the past years within an ascending channel (in blue).
However, of late, we see a breakdown from its ascending channel, as well as its key support level at $240. This spells disaster for TESLA as the next major support we should see would be at the $180 range. A key resistance level that the stock has retested and failed multiple times is $380.
Regardless, looking at the RSI and MACD, it may be timely to start getting greedy. Watch closely for volume and fundamentals as this may ideal for a nice entry point.
TESLA has been trending well for the past years within an ascending channel (in blue).
However, of late, we see a breakdown from its ascending channel, as well as its key support level at $240. This spells disaster for TESLA as the next major support we should see would be at the $180 range. A key resistance level that the stock has retested and failed multiple times is $380.
Regardless, looking at the RSI and MACD, it may be timely to start getting greedy. Watch closely for volume and fundamentals as this may ideal for a nice entry point.
