Hello,Traders! TESLA has reached a falling resistance line And we are seeing a nice bearish reaction already I think that the stock will make a local bearish move Respecting the resistance With the nearest target being the local horizontal support Buy! Like, comment and subscribe to boost your trading!
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NOTE: To all the Elon worshippers and Tesla bugs out there, this is a purely technical analysis , chill out...
Have you considered yesterday's news of China 285000 car recalls by Tesla?
UnitedSignals
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Thank you for your analysis!
InkyGrip
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I'll keep my eye on chart 👀 🦐
headgaar
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that's a poor line you've drawn....it broke out
bjorn2z
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@headgaar, It could be that the lines showing breakout are poorly drawn. Either way, breakout or not, TSLA still hasn't re-entered the uptrend channel that you charted on May 11. Will it bounce back down after failing to re-enter the uptrend channel?