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Tesla broke down it's channel
Tesla
Short
Tesla broke down it's channel
By THeLIStR
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Updated
Feb 16, 2021
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Jun 25, 2020
Tesla's short term uptrend has been broken and offers the opportunity for a short term short.
Might find supports at the following levels 940$ 20MA - Weak
915 Midterm trend upper limit - Strong
840$ 50MA - Weak
740$ 100MA - Strong
720$ bottom of logner term channel - Strong
If the global market detoriates further, it might go as low as 720$ at the bottom of the longer term channel.
Feb 16, 2021
Trade closed: target reached
Trend Analysis
THeLIStR
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