daily divergence on rsi and immediate, strong bearish reaction from 850 resistance makes me think that something is coming.
for now, the main resort for buyers is 685 structure support. during the last month buyers 3 times made the market move from that but each time the movement was relatively weak.
if bears will be able to return the prices back again to the abovementioned support, we should look for its bearish breakout.
being broken to the downside, buyers will lose their confidence and the price will start falling.
don't miss this potential opportunity and set the alert on a key level to be prepared!
nice technicals...but I think everybody waiting for FREMONT FACTORY reopen ...stock will move strongly in the 850.... confirmation date of battery day will give an other strong move in the 900... after batteryday you will see a MOTHER OF SHORTSQUEZZE don't miss the up .... it will be memorable ...
crypto_winger
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@beniboy, Do they need to sell actuall cars in a recession or all of the above factors you mentioned should be enough to take the stock to 4000?
DanielLubbe
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I've trade Tesla before and made substantial profits Then it becomes choppy with up and down trends I will watch this option and go bearish again One thing about Tesla is that you must be 100% sure it will drop because it has the tendency to deplete your account very quickly Lets go for it Luckily here is no virus Keep well
PeeWoo
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Good analysis bud!!
TSLA is one of my most played Option ticker that I play almost every day. I have made 38K from 4300 in one single 70min trade. So, I can literately picture every single TSLA moves and I can tell you that you're spot on, on your analysis. IMO Tsla will come down to 400 range by June. Let's see. See my trade story here : ilmtraders.com/
stevechenning
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850 def looks like the top of this trend. Wouldn't be surprised if it breaks to 600s in the next few days.
andyflatiron
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looks good!
Pollard
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I highly respect you, not only for being a professionalan honest gentleman an honest gentleman. very much not what I can say about so many frauds out there that fish innocent Through Vt To scam them.Ask me about them,So far I got scammed by three.
ProjectSyndicate
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this is great, appreciate it!
VasilyTrader
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Are you also bearish biased on Tesla?
david7lee7
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@VasilyPonomarev anybody bearish on tesla is biased on tesla haha