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jdemunter
May 21, 2021 6:38 AM

Tesla : At resistance Short

Tesla, Inc.NASDAQ

Description

Tesla is back at the resistance zone around 590. Look for price to drop from here.
Comments
desertsnake78
What make you think that the price will drop?
bjorn2z
@desertsnake78, He is showing in the chart,technically, why the price will drop. Fundamentally, the reasons are shrinking margins, missed growth targets, and FSD/Robotaxi mirages. Buyers are running out of buying power. Margin debt is at historic highs. When buying power is exhausted, the unwind will be sharply down.
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