TSLA in a make or break mode
Updated
TSLA is in a decisive point now at the 65 min chart. I like using 65 min instead of 60 minutes to get 6 equal bars per day. As you can see it is currently above the current support line, if it breaks it, watch out below if it spikes higher above the resistance line, then we could start the new up trend. If it breaks resistance to the upside we could go to first target of 1120, if we break it to the downside first support is at 1040. I am no guru and thought of contributing to the community to learn more.
Note
Last day of 2021 triggered a selling pressure on the stock. Major support of 1039, however; we might not get there Monday due to excellent car sales reports for the 4th quarter. If we break 1079 early in the morning with real momentum, we can actually start the up move of 1120. If this good news does not help TSLA then we will continue to see selling pressures leading to lower levels indicated on the charts.
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