TSLA Next Big Move - 5/19

14 mag 2020

Blue trend line at the top clearly shows resistance so far every time prices reach that area. Going by the past few days, prices will gap up on 5/19 and test that blue trend line. If we successfully break it and find support we will be going higher to test ATH, else I suspect there will be a big turn-around.

14 mag 2020

Nota

So I am watching the SPX500 this morning and it broke its 2779 support at the same time TSLA tested the bottom orange trend line and held. To me SPX500 has a pretty clear head & shoulders forming.

I still think TSLA will be trending as expected until 5/19 but I am feeling more bearish when it tries to break that blue support line outlined.

18 mag 2020

Nota

TSLA hit the trend-line a day earlier than I expected and bounced off the resistance up top. Every time it did this, next day is a big red day.