TSLA is pulling out of a potential Bear flag after the loss of major support, but it's not out of the woods yet. TSLA has regained the 8ema and is back into the upper section of the BB bands. Look for a close above the 200 ma (will be around 323.50) for a Long entry, or a loss of the uptrend line. If the MACD crosses the baseline and TSLA regains the 200ma; I believe there will be a huge move to the upside. I am Bullish on TSLA, but it is important to wait for the candles to close before taking a position. I'm not worried about long term holds here (one of my few honestly), but TSLA can move fast and you don't want to get stuck holding the short-term bag.
Best of luck,
Charles
Best of luck,
Charles
