Technician
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#Tesla Technical Analysis: Trend May Have Already Reversed

NASDAQ:TSLA   TESLA INC
749 8 15
Technical Analysis:
Tesla             ain't looking pretty .. major bearish signals evolving
- A series of lower highs and lower lows was established
-Main trend line was taken
-Trading back below the 52-week moving average
-Head and shoulders Top completed
-Prolonged divergence on RSI

It's likely that we don't see Tesla             trading higher any time soon, prolonged downside is probable within the the coming months for Tesla             shares , potential targets start at 175 and possibly at 120.

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vern94 PRO
2 years ago
not sure I agree with you. No bearish signal yet. 205.02 not broken yet. need a close below that first. see what tomorrow brings
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Technician TOP vern94
2 years ago
I think we already had multiple bearish signals, 1) we have lower lows and lower highs starting from 290 high. 2) we have a yearly average breakout, and a head and shoulders top(although its not ideal) . 4) Prolonged bearish divergence on Momentum.
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vern94 PRO Technician
2 years ago
yeah but the last candle wasn't a new low. Its bearish granted but the actual signal isnt there yet
+1 Reply
vern94 PRO
2 years ago
sorry 207 not 205.02. A close below that is needed
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chartmojo PRO
2 years ago
I would add..looks like 5 waves up into 3 down....agree its going down..when they let it go down...there are big mo players on this one and it's fickle to overall market direction and news. I like it for well timed Puts only...playing the stock directly it's to easy to get stopped out. Agree it's highly over valued and down is where it will ultimately end up. Not because it's not a good product..the stock is just a hype cool runner that's ahead of itself. ....way ahead of iteself. it does not always trade technically in real time. Big player push it at inflection points in the opposite direction to squeeze...up and down. I only like short term, well time options on this one.
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jangseohee
2 years ago
Previous post
TSLA, watch out for the neck line
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jmspriggs
2 years ago
TSLA, the news is coming fast and furious , trying to prop it up, 23.47 million shares short or 25.48% up 3.81% this qtr alone. That is astounding for a favorite of the street. Nice chart
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ThisTejas
2 years ago
I've posted an alternative view, would you mind taking a look?
TSLA preparing for its next bull run


thanks
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