$TSLA TOP 20
Added 2025-01-05 19:42:58 +0000 UTC$TSLA had a busy week as delivery numbers came out and it was the first year ever that deliveries were negative for the year, in spite of this, many people forget that $TSLA is not just a car manufacturing company anymore, its pipeline is ambitious.....this was also realised the next day after the numbers came out and the price jumped +8%.
The jump happened at $379 before a test of the 0.38 Fib at $354....so we will need to see if $TSLA rejects at the blue line next at $414 and we get one more leg down to the 0.38 Fib.
We can also see that the 50 Day MA is also at the 0.38 Fib level exactly so the pull back from $489 to $379 may have felt strong but it just mirrored the strength of the aggressive climb and was still comfortable enough to hold and bounce above the 50 Day MA.
The 50 Day and 0.38 Fib are a very obvious support level now.....bulls decided to get in early before the market did so far.
