5 critical things to know about TSLA chart
A massive breakout is setting up.
Here's everything you need to know in 5 mins:
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#1 $Tesla Motors(TSLA)$ found a powerful level of support at $175-$180 area. Buyers have stepped in and is climbing the uptrend.
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#2 This is the biggest resistance level on the $Tesla Motors(TSLA)$ chart. This is from $220-$225. There is a confluence of moving averages 20SMA, 50SMA and 200SMA holding this chart down. $Tesla Motors(TSLA)$ will need to break over this level in order really explode.
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#3 This is the only bearish signal on the $Tesla Motors(TSLA)$ chart that is it moving in a downward channel but this can all change in March near the FOMC data March 20.
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#4 Selling pressure appears to be slowing down here but this trend NEEDS to continue. It needs to cross over the $210 level first then $225.
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#5. $Tesla Motors(TSLA)$ trendline here is moving towards a critical point here and it breaks it will be a very bullish signal. Buyers are stepping at the $200 level notice how it doesnt stay under $200 very long.
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