. has rallied from 320-330 USD level towards 340-350 USD level crossing intermediate upper channel which suggests that Tesla Inc
. is due to reversal. In addition to that 15min period chart has formed bearish wedge
consisting of two smaller bearish wedges
visible on 1min, 3min, 5min period charts which resembles chart pattern that formed briefly before reaching previous top around 360-370 USD level. RSI
and money flow
has increased on 1min, 3min, 5min period charts reaching high upper values. However, money flow
has been decreasing on 15min period chart while price of Tesla Inc
. has been increasing. This may serve
as warning sign of impending reversal.
Disclaimer: This analysis serves as only depiction of notion which may be taken into consideration. Taking trade action based on this analysis is not advised.