$TSLA Chart Update:
Nice 3 day bounce since bottoming near $325. But has now hit it's head against the $360 support turned resistance area. Friday couldn't get past it. Bulls need to push past it this week and head towards $380 then ultimately the 50dma around $400-401ish.
Bears still have the ball in their court as this has all the hallmarks of a mini bear flag in the making IF, and this is a big if, it breaks down below $325, then we could be staring at a big test at $300.
So TLDR: Lines are set. Bulls get back above $360 convincingly and slowly work your way up to $400. Bears get back below $325, and slowly work your way to $300.
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- flipzy·2025-02-18Time to watchLikeReport
- PhoenixWhitman·2025-02-18Great analysisLikeReport