Tuesday 14 February 2023

TSLA: Rebound rally ran into trouble at the front end of monthly 212 Cloud Chart resistance zone! Reversal risk high if resistance holds!

 TSLA: Rebound rally ran into trouble at the front end of monthly 212 Cloud Chart (CC) resistance zone! Reversal risk high if resistance holds! 


On the weekly CC the TL of 207 as well as old CC resistance line of 213 seems to be another major resistance level! The rebound rally from the support zone of 109 now running into trouble at these two CC resistance zones! Consolidation risk down to the front end 179 CC support zone as well as the 157 SL of the CC if resistance holds! 


Upside potential if we get a sustained breakout past the 214 resistance zone is the bottom end of the CC level at 243! 


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