In the current pre-market scenario, Tesla ($TSLA) exhibits a sustained price trend without any significant downward gap observed. Analyzing the 5-minute chart reveals a notable descent below the Ichimoku Cloud, indicating a breach of support levels. Transitioning to the 15-minute chart, it becomes evident that Tesla's price action has fallen below the Ichimoku Cloud, potentially influencing the trajectory of its imminent major movement downward.
Technical analysis highlights the significance of the blue Moving Average 50 (MA50) as the initial level of support. A failure at this juncture could prompt a test of the orange Moving Average 75 (MA75), currently positioned at 187.24. Notably, this level aligns with potential resistance encountered during an ABC retrace.
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