$Tesla (TSLA.US)$ Is tesla still looking bullish? IMO yes. ...

Is tesla still looking bullish? IMO yes. it retraced to touch 1146 price point (previous day opening) and did a pretty good rebound up. it did try to come back down but created an intraday higher low. On the bullish side, tesla could have already did a ''minor pullback'' yesterday and continue from here and go to the moon to 1238 fibonacci level or even 1320 fibonacci level. Tesla did something similar also on the 26th of october where it had 2 doji red candles where it retraced on the 1022 and 1026 price level and continued the parabolic move upwards to finally hit 1200s by the end of the month!

But on the bearish point of view, there is still room to go lower at 1188 and 1073 support. if it breaks both those supports, the next one will be at 20ma of 924 which is positively sloping up and the critical support of 850s.

The upside and downside risk is almost equivalent as tesla is a rocket stock and no one can accurately guess the movement of it. You can only manage your own risk on the short or long side and know ultimately if you are buying it for the long or short term.