Watch for The Close

Tesla struggled above resistance, near all-time highs for nine trading days, before reversing lower.

Now, as shown, it’s posted a new daily low … below established support.

Watch price action into the close for a rally attempt; if it happens, risk is narrowed on a short trade, i.e., today’s high (not advice, not a recommendation).

Separately, Uber trade UBER-26-01, was closed out in the pre-market at break-even, before launching higher in the regular session (not advice, not a recommendation)

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

then