Hi Traders & Investors
Based on technical analysis it seems as if TSLA price is loosing momentum in the bulls direction or from price going up, we can confirm that using the RSI indicator as we can see that bullish divergence is now occurring and TSLA being overbought . And again we can see that TSLA main trend from 2022 has been the down trend and price is moving between the down trend channel, price are failing to break the upper line on the down trend channel, is this also a confirmation of TSLA price going down? again based on candles we con also see some hanging man, doji and shooting stars candles, with all this short or sell signals we can confirm that there is a possibility of TSLA price going down and expect it to hit 125.00. We can place a sell order if one bearish candle close below 200.50 at around 200.00, take our short profit at 125.00 and stop loss 215.00.
Happy trading & investing
Based on technical analysis it seems as if TSLA price is loosing momentum in the bulls direction or from price going up, we can confirm that using the RSI indicator as we can see that bullish divergence is now occurring and TSLA being overbought . And again we can see that TSLA main trend from 2022 has been the down trend and price is moving between the down trend channel, price are failing to break the upper line on the down trend channel, is this also a confirmation of TSLA price going down? again based on candles we con also see some hanging man, doji and shooting stars candles, with all this short or sell signals we can confirm that there is a possibility of TSLA price going down and expect it to hit 125.00. We can place a sell order if one bearish candle close below 200.50 at around 200.00, take our short profit at 125.00 and stop loss 215.00.
Happy trading & investing