Corroborating with most: TSLA at 240 to watch out for
Updated
As per my last idea, TSLA indeed turns out to be overbought and entered into a correction. High RSI and narrowing trend lines was our friend. Even with a relatively good Q2 report.
Performing my own diligence again and found to be corroborating with several others by chance; 240 ish will be a good point to look out. From the perspective of last highest support, fibonnaci, short term trend lines.
Overall longer term however looks relatively bearish. Be safe.
Performing my own diligence again and found to be corroborating with several others by chance; 240 ish will be a good point to look out. From the perspective of last highest support, fibonnaci, short term trend lines.
Overall longer term however looks relatively bearish. Be safe.
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Reviewed this previous idea and chart reading still remains intact. Expecting to see more obvious indicators from July 15 with current negative MACD trendsUnable to post new chart as still new to platform. bear with me :)
Comment
MACDs are demonstrating reversal - so it looks like we can expect an uptick this week. Current price actions are within the trend lines and is set to go up - at least on a technical level.My gut feel however tells me if any uptick will only be temporal but i have no technical or fundamentals to back this up. Happy to hear ideas / views.
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