Since posting ATH on Feb 4th, TSLA has failed to sustain any significant gains including the short lived rally during today's open. However, a Fibonacci retracement taken from the ATH and the low of Feb 6 shows it is holding above .236 fib. Given the upward momentum of the current trend, it is likely to challenge today's high ~.5 fib and the upper trendline.
Kommentera:
Ichimoku Cloud analysis to describe market behavior during today's session