TSLA: We nailed the TOP! Is there a BOTTOM now?
• We nailed the previous top on TSLA, thanks to the dual-confirmation of the Bearish Flag (1h) + Resistance at $198 (D). The link to my previous analysis on TSLA is below this post, as usual;
• Now TSLA just hit its technical support at $177, as expected. There’s not a single bullish reaction on it yet, but if we see one, the timing would be perfect;
• By losing the support at the red line, TSLA would just resume the bearish sentiment, and the next target would be something around $150 - $130;
• The volume is very low, and TSLA is just very weak at the moment. What if it reacts and triggers a reversal? The $198 would be the next target, as this is our main resistance to break in the short-term. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my analyses!
• Now TSLA just hit its technical support at $177, as expected. There’s not a single bullish reaction on it yet, but if we see one, the timing would be perfect;
• By losing the support at the red line, TSLA would just resume the bearish sentiment, and the next target would be something around $150 - $130;
• The volume is very low, and TSLA is just very weak at the moment. What if it reacts and triggers a reversal? The $198 would be the next target, as this is our main resistance to break in the short-term. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my analyses!
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