Aug. 24 at 5:52 AM
$TSLA >> Daily Chart >>
Hitting the 50 SMA @ 365.86 / 1st level to break followed by the 400 SMA @ 370.32 / just above is the top of the unfilled gap
The moving averages will lead the way for this week
turn the 50 & 400 SMAs into support, fill the gap, and turn the top of the gap into support would be bullish putting the 100 SMA @ 381.55 on deck with the 50 SMA as the stop loss
Fail to break all 3 levels and turn into support would be a red flag signaling possible consolidation
Keep it simple:
Bullish above the top of gap
Bearish/consolidation below the 50 SMA
Failing to close above the 50 SMA would setup another ascending support test / this has been the pattern on the way up / push, form a strong white candle, dip to ascending support, bounce, and repeat the pattern
this is key:
The middle Bollinger Band/20 SMA @ 328.14 is support / as long as it's holding the up trend is intact and the bulls are in control / any dip will be a buying opportunity until the middle BB breaks
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