📉 Tesla | Fake Move = SHORT (Goodbye!)

➖ The current move on the Tesla stock (TSLA) is not supported by market fundamentals and can thus be considered weak.

➖ A weak counter-trend move can be used as an opportunity to sell (SHORT) by smart individuals/traders.

➖ The Tesla stock (TSLA) is set to drop long-term based on the individual stock long-term price dynamics. It is likely the best is already in the past. Move on to new things... Or so the chart says.

See the related ideas below for more.

Thank you for reading.

Namaste.

Comment:

It went higher than expected, but we still consider current price action as a dead cat-bounce that will lead to a lower low compared to 22-Apr. TSLA going below 138.