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theo91985
Feb 22, 2021 9:12 PM

Short term bullish, long term bearish Short

Tesla, Inc.NASDAQ

Description

My last analysis held true: Tesla formed a triple top before braking down and smashing below various support levels. Now, Tesla is clearly oversold on daily RSI and we should expect a relatively fast bounce to the 780-800 range to form a classic bull trap. Following this, we should expect to resume the downtrend until Q1 earnings is near enough to support the price again. Expect another sell off afterward.
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