TSLA: Rebounded from old support zone $206! Down more than 28% since the sell/short signal!
On the weekly Cloud Chart TSLA rebounded from a support zone between 205/206. Swing trade potential towards the bottom end of the cloud, but do remember price action below the cloud is bearish long-term, and these trades are counter trend. So high risk!
TSLA also dropped more than 30% since the sell/short signal on the weekly cloud chart.
On the daily chart TSLA rebounded from cloud support and previous lows with the next upside resistance targets 233, the bottom end of the old cloud chart resistance, then 241 the front end cloud chart resistance, and the 259 a major upside cloud chart resistance zone!
Price action below the cloud remains bearish with opportunity in short-term swing trades back up to cloud chart resistance zones!
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