Tesla has lost a lot of volume and clearly moving downwards. There are three Take Profit opportunities highlighted in the chart.
Slowly and surely, the potential energy is dropping and if we follow the laws of conservation of energy, we are kinetic energy taking the price down. The trendlines have been well respected in the past and should be the direction of the vectors.
I will be closely monitoring TESLA and updating this analysis continually.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
Slowly and surely, the potential energy is dropping and if we follow the laws of conservation of energy, we are kinetic energy taking the price down. The trendlines have been well respected in the past and should be the direction of the vectors.
I will be closely monitoring TESLA and updating this analysis continually.
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
Comment:
Handsomely breaking through the yellow trendline acting as support.
Comment:
TP1 reached.