The Long Investor

$TSLA TOP 20

Added 2024-08-18 19:54:37 +0000 UTC

The 0.618 Fib has come to $TSLA's rescue this week, which it has done for many charts we follow and the price managed to get back above the 50 and 200 Day MA's to finish the week.

The big test is coming up however and that will be getting above the yellow trend line at $223, if the bulls can flip this level to support, the bulls have won a vital battle

Any rejection at this level and unfortunately this is coming down again, which will not be good for the sector.

$TSLA does control this EV sector and as a Long Term $NIO sufferer, I would like to see $TSLA move higher.

But bulls have a big job on the hands next getting back above the yellow trend line, losing this line on the retest at the end of July was not a good move but the market sell off likely played a large part in this.