DerekD_

As much as I like $TSLA, this is just bear territory

Short
NASDAQ:TSLA   Tesla
Daily chart itself doesn't do its justice for anyone really considering going long for this. Couldn't care less for fundamentals, bull / bear thesis, positive / negative sentiment, analysts' conspiracies, it's just the chart. 14 MFI on daily & 28MFI on 4hour clear-as-day divergence just.... plummeting. Price on 4 hour is finally under 750(Low) EMA. Without too much of an explanation, using MA's for fib is more reliable depending on circumstances of a trend. 4 Hour blue 180 WMA (Close) & 750 (Low) EMA could mean another 161% downside.

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