It has been a very good week for Tesla (TSLA), which was in the 130s on Monday and the 170s by Friday. In spite of that, I think the pop’s done, based on:
- Long-term downtrend;
- Fibonacci resistance;
- Substantial overhead supply
As a reminder, you can actually tilt drawn objects in SlopeCharts to any angle, as I have done here with the rectangle:
