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20.10.202114:38 Forex Analysis & Reviews: Bullish signal in TSLA stock price provides 15% gains.

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On September 27th our analysis on TSLA stock price was bullish. Price was then breaking important resistance levels and we noted that a new bullish signal was given. Price since then has reacted exactly as bulls would want.

Red rectangle- resistance

Blue line -support trend line

TSLA stock price has risen 15% since the day of the break out. Price remains in a bullish trend making higher highs and higher lows. The RSI in the Daily chart has reached overbought levels. At least a short-term pull back is justified from current levels. Bulls should not be greedy. Bulls should take partial profits, although there are high chances this trend continues, a short-term pull back is expected over the next few days. Trend remains bullish as long as price holds above the blue trend line.

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