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TSLA Above the Yellow Resistance Line

TSLA has a very strong yellow resistance line with 6 previous rejections at this line. The price is currently above the yellow trendline, and there is a chance of a wick back down. I would monitor the price action carefully here for a potential selloff. If TSLA closes above the yellow trendline by the end of the week then there could potentially be more upside. Today Nancy Pelosi disclosed that she sold TSLA so that could cause some bearish sentiment.

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