TSLA long-term resistance breakout

TSLA is breaking below the critical 800 level

 

TSLA is breaking below the critical 800 downside resistance level. This downside breakout leads the stock into a complete swing downside reversal with 500 as the first target. We need to see a break above 800 again to invalidate this downside extension scenario. A break below 800 is decisive and supported by a 750-780 zone.

Note: look for the short trade entries with the stop loss above 800

 

TSLA downside reversal

 

 

 

 

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