$TSLA is yet another stock in our Top 20 List that managed to finish the week on the 50 Day MA. The 200 Day MA was just slightly below too so I do not think it would have gone any further than these two levels.
Leads me to believe that a bounce is also due here before moving down lower to complete Wave C close to the 0.618 Fib at $221.
A healthy pull back like this and completing Wave C can give this another attempt at breaking above the very strong resistance yellow line next.
Gareth Neary
2024-01-07 22:10:00 +0000 UTCGareth Neary
2024-01-07 22:09:40 +0000 UTCYoko Yu YYKK #4204
2024-01-07 21:59:50 +0000 UTC