layaran.kamal

TESLA in potential to pullback for strong sell pressure

Short
NASDAQ:TSLA   Tesla
Since last few months, TESLA move in weak performance. Expectation to rise on the previous earning seem negative for now. Taking a look on month chart view shown selling pressure still in action with 1 big bearish mother candle. On weekly chart, the current price is place in swap zone level and sign of continuation downside might be appear on next two weeks from now. At the moment, in daily basis, potential to rally up in respecting channel still there. After all, the poor result in NFP might support TESLA movement temporary. Lets see what Musk can do about it. The real trade deal is still far below actually. Technical analysis is to give us an idea but fact still with the performance about the company businesses as whole package.

*** Im not really into E.W ya. So dont bother about the marking that much.

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