Hello folks,
Please note this is not a financial advice, this is just my interpretation of chart and price action.
TSLA
has yet again turned bearish after loosing 50 MA support. I expect a minor bounce at $160 and continuation to bearish trend. As per chart, $127 is still possible, If we break down $160.
One thing to keep in mind is that, the volume is significantly low on low. Any insignificant good news might alter the direction and may push the price into higher territory.
Cheers!!
Please note this is not a financial advice, this is just my interpretation of chart and price action.
TSLA
has yet again turned bearish after loosing 50 MA support. I expect a minor bounce at $160 and continuation to bearish trend. As per chart, $127 is still possible, If we break down $160. One thing to keep in mind is that, the volume is significantly low on low. Any insignificant good news might alter the direction and may push the price into higher territory.
Cheers!!
Trade closed manually