
Tesla: ⬇️ Sell
– Tesla reversed from pivotal resistance level 464.00
– Likely to fall to support level 420.00.
Tesla recently reversed up from the resistance zone between the pivotal resistance level 464.00 (which has been reversing the price from October) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the previous short-term impulse wave iii of the sharp C-wave from November.
Given the strength of the resistance level 464.00 and the overbought daily Stochastic, Tesla can be expected to fall to the next support level 420.00.
Source: https://fxpro.news
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