Tesla is Testing Key Resistance

SmartReversals
04-23

$Tesla Motors(TSLA)$ is showing bullish price action after hours.

If the stock opens around $250 tomorrow, it will find itself just below the 20-day moving average (DMA), the very line that rejected price after the last earnings report.

While past performance isn't a guarantee, the $255 level presents a potential resistance to monitor closely tomorrow.

Given the earnings report fell short of expectations, the resulting gap lower is likely to be filled within a couple of days, especially with any potential negative news.

I thought the after hours rally was because Musk said he will be back to Tesla leaving DOGE.

But no… the catalyst was Trump…

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