There it goes. As I earlier pointed out TSLA is in a huge correction period both due to unsatisfying financial results and the mess surrounding such a car maker (can it be considered a car maker anyway? Production rate is kind of small to be a car maker).
A possible interesting area to watch out for a probable reversal is the red block one. Just around 280$ price tag that, by the way, is the price at which, in March 2017, a gap up occurred.
As a further bear indicator we can see that the stock is traded below the 200 days EMA. Whistleblowers and never ending legal actions doesn't help in keeping the price at 300+ per share (that is indeed too much all factored in).
**As usual not a trading advice but merely my idea for informational and educational purposes only***
A possible interesting area to watch out for a probable reversal is the red block one. Just around 280$ price tag that, by the way, is the price at which, in March 2017, a gap up occurred.
As a further bear indicator we can see that the stock is traded below the 200 days EMA. Whistleblowers and never ending legal actions doesn't help in keeping the price at 300+ per share (that is indeed too much all factored in).
**As usual not a trading advice but merely my idea for informational and educational purposes only***
