January 11, 2018

TESLA Triangle and Month Support zone

  • TESLA Daily chart shows a triangle shaped contraction. 
  • Month chart shows bullish candlestick formation with crucial long term support at 291 levels.
  • Since Month is favouring bulls a bullish breakout from the Triangle is likely to be a safe trade. If price falls below 305 then stock can fall towards 292 levels.  Above 347 stock can move towards 360 and 380 levels.