TSLA approaches long-term resistance

Jul 1

TSLA has had a major run from the semi-recent capitulation we saw this April. The stochastic RSI on the weekly remains overheated, and the weekly supply zone was completely overtaken. The monthly demand (not pictured here) is between 191-207$. Hitting this red resistance on the wedge is a 9th touchpoint. I do not expect a clear break without a few retests of the zone. I would love to see a rejection there and then hitting into the monthly supply on a deeper sense. I will post an updated monthly soon as well.

-In summary, short-term long, medium term short, long-term long