Looking at the chart above, we can easily say YES!
We have multiple signals after the 1-Sept. All-Time High... Let's look at those:
- We have a lower high.
The peak 14-Oct. is lower than 1-Sept.
- Decreasing daily trading .
This is also a signal, especially when you consider all the easy money being printed worldwide.
- Prices closed below EMA10 and EMA21.
346 is the first target/support (more targets on the chart).
- The moved below 50.
Remember that the is still good above 40 but moving below 50 can still be considered a signal as it is starting to trend lower.
- Rising trendline broken.
Our rising trendline based on candle closure is now broken.
What these signals are telling us is that "YES", Tesla is tired.
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