- TESLA Month chart shows Crucial support zone between 288 - 291. Current swing low was at 292 which was near this support zone. Long term structure of the stock will take a hit only if price closes the Month or Week below 288 levels.
- For now though price has moved back above 200 SMA. Tesla bulls need to close above This moving average for bigger up moves to follow.
- Getting resisted here will be negative for Daily time frame.
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- Apple Month candles are pausing at the resistance line.
- Crucial weekly support zone is between 163 - 166 Bigger weakness only if price closes the week below this zone.
- Daily will continue to remain weak below 20 Day sma.
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