$TSLA TOP 20
Added 2024-07-28 19:19:47 +0000 UTC$TSLA did not deliver the earnings report that the market expected or the bulls wanted and did not hold the trend line support level, this is probably justified, if the report was a beat, I'd say the price would of had no issue holding the retest or the 0.38 Fib.
That being said, sellers did dry up towards the end of the week and the price managed to hold above the 50 and 200 Day MA at the 0.5 Fib at $219
I have also highlighted with a white circle that a golden cross is expected this week.
Bulls may get a test of this confluence level at the golden cross so as long as the price holds here or above, this can move higher and complete Wave 5 as shown.
Comments
It's when the 50DMA crosses up the 200DMA. https://www.investopedia.com/terms/g/goldencross.asp
G4Golf
2024-07-28 23:59:09 +0000 UTCWhat is golden cross
mohammad alsaree
2024-07-28 21:12:52 +0000 UTC
