Tesla trading idea

7 thg 6, 2021

Hey guys, I'm fairly new to trading but i was thinking that even though Tesla is currently in a downtrend it has formed a nice Head and shoulders move looking for the move upwards.There seems to be a resistance level around the 600 dollar mark as well as that I believe the fibonacci resistance level from the bottom of the head is around the same level of that resistance 600 dollars. Let me know what you guys think if you agree or disagree and if any of my trend analysis is completely wrong or if i'm doing a decent job. hope you found this helpful :)