$TSLA has been moving in the direction of our green impulse wave since November and the bulls have been stepping in, the mother of all battles is about to take place at the yellow trend line.
This has been a resistance line since 2021, so breaking above this level will be very bullish for $TSLA and the bulls will be in control here.
The concern of course here is that if the market corrects as we expect, will $TSLA be an outlier and go against the market?
They are significantly down on their All Time Low level at $414 so it can be argued that $TSLA is not in the same arena as where the other Top Mega Caps are right now.
We need to see how $TSLA handles this yellow trend line before we can project the next count, right now, it's in the bulls hands.
Partheev
2023-12-28 10:59:04 +0000 UTC