Nathan_Black

TSLA: A Dangerous Situation.

NASDAQ:TSLA   Tesla
• Yesterday, TSLA did a classic bearish candlestick pattern: a Dark Cloud Cover;
• This is a top sign, and this could bring more correction ahead. The next technical support is at $154, while there’s an open gap at $146.41;
• TSLA failed to hit the technical resistance at $182.50, and this is a sign of weakness, and reinforces the idea of a correction, at least in the short/mid-term;
• For now, there’s no technical reaction that could frustrate the DCC pattern, but I’ll keep you updated every day on this.

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