After being cut off about 2/3 values and bottomed around $100 late last year, TSLA has mounted a strong revenge rally with an over 100% gain within two months. With this rather impressive rebound, the million dollar question now is whether this rally is sustainable and will continue as a new uptrend for it.
Based on what we can see below from its TA chart, I doubt a new bull trend for TSLA has already started. Rather, there is a good chance we may see TSLA back towards the major support around $150ish. If not holding up at that level, then watch out for the low testing again around $100 in the weeks ahead.
No comments:
Post a Comment