It is my believe that TSLA is going to drop around 10% to a price of $1800 +/-20. This is due to the bearish signal that is being generated today by the RSI (14 days ) which is clearly developing a bearish divergence and by the bearish candle formation that has been drawn in the last 3 days.
My intention is to open a short position and set a TGT1 around $1850 and observe the price action then I will place a SL around 2065.
TSLA has more tricks. Don’t let the retrace fool you.
Happy Trading!
merabtene
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TSLA has people buying anywhere and at all time highs
rishikvr
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@merabtene, if Nasdaq is Red or one analyst downgrad TSLA is going to fall at least 10% as i observed the pattern when naadaq is down. Since NQ is so strong nowadays and hype for TSLA it's keep going up.
Happy Trading!