Tesla remains in a downtrend.
We expect Tesla stock to drop into $150-$135 area which isa target for shorts and a buy zone if you want to play a bounce in a downtrend.
As SPX is at the major resistance, Tesla should reverse soon as well. The last push towards 205 - 208$ which would be a short entry and we should see a nice 30 % dump.
Patience is a key
Good luck
We expect Tesla stock to drop into $150-$135 area which isa target for shorts and a buy zone if you want to play a bounce in a downtrend.
As SPX is at the major resistance, Tesla should reverse soon as well. The last push towards 205 - 208$ which would be a short entry and we should see a nice 30 % dump.
Patience is a key
Good luck
Comment:
Good progress. The price moving towards our buy zone where you can enter your long position to play the bounce. Patience is a key
Trade active:
The price moved into our buy area. It can go a little bit lower ($130), but not bad time to buy now to play the bounce with target around $166.
Comment:
key support failed. Next key support is around 100-105 $, from there we should see a solid bounce
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