Tesla are struggling!Unfortunetly, i like this company very much and i am somewhat of a fanatic. well invested
On the downside!
but we have to look on these facts well and hard.
as of this moment of writing tesla is prone to go downward in its current trend.
Lower highs are continuing (resistance of bears are gnawing well and hard)
On the upside!
there is a strong support at our current and near our price action.
there are possible signs of reversal (printed a higher low after the lower high)
but until we see how tesla preforms either with the new cars or in other ways we are well in a downward trend that could potentially go downward.
I do believe that there are fanatics such as myself who would just buy the dip, but currently bulls are not having it easy (sadly for me)..
signs to look for: a higher high(very bullish), higher low(somewhat bullish), stabilizing 200 EMA (possible reversal\continuation) reversal of 200 EMA to the bullish side.
Good luck to all traders.
this is not financial advice