Looks like the RSI suggesting us that TSLA stock will go down to 140-150$ in upcoming week. Daily chart has bearish hidden divergence, also overbought on Stochastic RSI.
If we go down without breaking and holding 211$ the price will be rejected from 200EMA and that would be very bearish signs for Tesla.
Weekly chart looks better suggesting we will go back up fast and there shouldn't be much downside left. Putting my buy orders between 100$ to 155$
Break of 150 would create some panic. But 100% move after b4 year end
StealthSatoshi
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@Chartguru1, I believe it would be just quick sell of, creating a wick down on weekly and almost instantly the price would jump back up.
mulaudzimpho
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There is always traders that get lost when market is about to change the trend,is when they see a big sell that's what we call it over thinking you can't be looking for sell towards march after a big selling for almost 2 mouths now, you must think about recovery beside the fact that trend already change to bull but next time you must think mate👍
kometata
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100$ ok, I think the same
StealthSatoshi
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@kometata, the estimated cost is approximately $140, rather than $100. It is advisable to place multiple orders below the anticipated price threshold when purchasing. Occasionally, market fluctuations prompt sudden sell-offs, resulting in significant downward spikes. By strategically diversifying orders, there's a potential opportunity to secure favorable entry points amid such volatility. I place my orders every $2.5 - $5 from $100 to $150 to get out the most profits out of this trade.