Tesla has potential to move higher this week if it clears overhead resistance; watch for strength near 400.
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We have Tesla. Tesla has some overhead resistance , right? It contains overhead order blocks. But, if it's been hit enough times , so are all the sellers, right? We got a bearish momentum signal a long time ago, went down a lot , with a few bullish and bearish crosses in between.
However, if enough sellers have sold , once it gets back into these order blocks above, you may find enough strength to move higher. So, keep an eye on Tesla this week. I mean, everything is really working in its favor.
Discretionary sector, just like Amazon. The fear and greed index has started to rise. Look how scared there was here before. It had dropped to nine out of a hundred. The sector looks good, the market looks good, the stock is good too.
Just keep an eye on these order blocks above. If it can reach 400 or so, Tesla could go much higher.
Actually, let me go back. I didn't rank Tesla quickly. We need to rank Tesla. Tesla was eight out of nine. Tesla TESLA, eight out of nine.
What this channel has said about $TSLA
Christopher Uhl - OVTLYR has 3 calls on this stock; only the adjacent ones are shown.