$TSLA TOP 20
Added 2024-08-25 19:10:24 +0000 UTCA clear rejection so far at the yellow trend line, something we were watching for this week and even flushed down to $210 on Thursday after its first test of the $223 level.
Price still managed to finish above the 50 Day MA to end the week, so bulls can make another attempt at breaking above this trend line
I am not seeing this as an impulse set up now but bulls may feel that a hold on the 0.618 Fib will give them hope
As $NIO holders, we want $TSLA to become bullish, it will likely bring the EV sector higher but right now, the bulls still have work to do, they need to get the price above the $223 level and hold
Sept is a difficult month to be bullish if the market sentiment is weak or flat.
