JimmyTurner
06-15 04:36

$Tesla Motors(TSLA)$  Structure still looks constructive here.

Buyers keep defending the rising trendline and the 50 EMA. Last week's spinning top indicates hesitation, not a breakdown. The pattern of higher lows remains intact, showing dip buyers are active.

Bears have tried a few times to push it lower, but nothing has stuck.

Key level to watch: a break above the triangle resistance could lead to the next leg higher. As long as support holds, the trend stays tilted upward.

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