TSLA is being played with by institutional Robos. I expect a pop up to the blue 8 EMA Line.
Watching 114.20 for resistance, 117.14 is a first target, 120 area being a nice wall to hit before dropping or moving further into the 125-130 area. If we hit the 120 wall I suspect we will retest today's highs for support. TSLA is finding its feet.
IF we are able to clear 122, then 125, I think TSLA has clear skies to 130-135 area with minimal pull backs.
Some of this requires the SPY to play nicely. Lately, TSLA has been inverting the market. It's been atypical as far as market moving goes.
Watching 114.20 for resistance, 117.14 is a first target, 120 area being a nice wall to hit before dropping or moving further into the 125-130 area. If we hit the 120 wall I suspect we will retest today's highs for support. TSLA is finding its feet.
IF we are able to clear 122, then 125, I think TSLA has clear skies to 130-135 area with minimal pull backs.
Some of this requires the SPY to play nicely. Lately, TSLA has been inverting the market. It's been atypical as far as market moving goes.