Tesla has been on a continuous downtrend because Elon news but also because of his continuous selling of his shares which is now in the 3 billions. However recently Cathy has bought tons of shares, mostly like will have a short term bounce because of it. Another note to mark is that we are bouncing from inside the 4hr demand zone which can mean that it was a weak demand zone. For now i can see it headed to push past of move in between the supply and demand zones. I will remain neutral on it since there still is no clear signs of a pattern just yet.
Comment:
Interesting movement for tesla these past few days , looks to me it wants to hit the bottom of the demand zone for a big bounce. MM well not big but you get it
Trade closed: target reached:
Like clockwork fellas.