TSLA: Getting closer to critical cloud chart support rebound zones 263/259!
Potential rebound swing trade potential from this cloud chart support zones on the daily cloud chart.
TSLA needs to keep trading above the cloud to maintain a bullish outlook. Any price action below the cloud will change the outlook to bearish!
Recently TSLA went up by more than 40% since rebounding from a key cloud chart support zone around 213! Only to run into resistance at the old cloud chart resistance levels of 308!
The next potential swing trade is a rebound from the old cloud chart support levels 263/261/259!
Long-term the weekly cloud chart remains bearish as price action is below the cloud and the bottom end cloud chart resistance remain in place! 298 is a major resistance zone to get past! Downside risk towards old cloud chart support zones on the weekly cloud chart!
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