dereckcoatney

TSLA Bearish Rising Wedge with Bearish Divergence

Short
dereckcoatney Updated   
NASDAQ:TSLA   Tesla
Tesla's chart has formed a bearish rising wedge with strong bearish divergence on the RSI, making higher highs in price while making lower highs on the RSI. If this divergence remains, expect this stock to fall in the coming weeks.
Comment:
I have cleaned the chart up below, with a stricter wedge drawn.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.