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#Tesla Technical Analysis: Trend May Have Already Reversed
Technical Analysis:
Tesla ain't looking pretty .. major bearish signals evolving
- A series of lower highs and lower lows was established
-Main trend line was taken
-Trading back below the 52-week moving average
-Head and shoulders Top completed
-Prolonged divergence on RSI
It's likely that we don't see Tesla trading higher any time soon, prolonged downside is probable within the the coming months for Tesla shares , potential targets start at 175 and possibly at 120.
twitter.com/thefxchannel
Facebook page thefxchannel.com
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Technician
Tesla ain't looking pretty .. major bearish signals evolving
- A series of lower highs and lower lows was established
-Main trend line was taken
-Trading back below the 52-week moving average
-Head and shoulders Top completed
-Prolonged divergence on RSI
It's likely that we don't see Tesla trading higher any time soon, prolonged downside is probable within the the coming months for Tesla shares , potential targets start at 175 and possibly at 120.
twitter.com/thefxchannel
Facebook page thefxchannel.com
plus.google.com/+Thefxchannel0/posts
Technician
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