Technician
Short

#Tesla Technical Analysis: Trend May Have Already Reversed

NASDAQ:TSLA   TESLA INC
765 8 16
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.

https://twitter.com/thefxchannel
Facebook             page http://www.thefxchannel.com
https://plus.google.com/+Thefxchannel0/posts
Technician

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
I've posted an alternative view, would you mind taking a look?
TSLA preparing for its next bull run


thanks
Reply
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
Reply
Previous post
TSLA, watch out for the neck line
Reply
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.
Reply
sorry 207 not 205.02. A close below that is needed
Reply
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
Reply
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.
Reply
vern94 Technician
yeah but the last candle wasn't a new low. Its bearish granted but the actual signal isnt there yet
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out