Tesla: ⬇️ Sell – Tesla reversed from resistance zone – Likely to fall to support level 440.00 Tesla recently reversed down from the resistance zone between the major long-term resistance level 489.30, which stopped the previous sharp uptrend a year.
Tesla: Sell
– Tesla reversed from resistance zone
– Likely to fall to support level 440.00
Tesla recently reversed down from the resistance zone between the major long-term resistance level 489.30, which stopped the previous sharp uptrend a year ago – and the round resistance level 500.00.
This resistance zone was further strengthened by the upper daily Bollinger Band.
The downward reversal from this resistance zone created the two Japanese candlesticks reversal patterns – Bearish Engulfing and Shooting Star – which add to the likelihood Tesla will continue to fall to the support level 440.00.
Published by:
John Matthews