Find the BEST Respected Moving Average Support & Resistance Lines
The 227-day SMA (body) and the 239-day SMA (wick) support lines quit working for Tesla after two years and four months on the job
Tesla (TSLA) dropped 33% and bounced off its long term 234/239 day SMA wick support
In a beautiful move, Tesla bounces off the long term support lines
The long term 227 day SMA support line is waiting there, around $800. Post earning TSLA is heading in that direction
TSLA traded just 6.85% above its 2 year respected 227 day SMA line
Is TSLA heading towards the 227/234 day SMA lines it respected for over 2 years?
TSLA is still at its best respected resistance lines, however, it may be gaining strength
Looking at TSLA’s daily, weekly, and monthly support and resistance MA lines paints a clearer picture
Will TSLA meet its best respected monthly support line that awaits slightly below the round $100 marker?
TSLA is 3.5% away from its weekly support lines, established 3.5 years ago
The 169-week EMA supported QQQ since 2009 through all nosedives. Will it support the 2022 one?