Tesla stock might be heading down to 118 $
Updated
Stock : Tesla
Share price : 171.70 $
Stock financially : Down, as the stock price overvalue
Trend ( technically ) : down
Recommendation : Sell
Reason : mentioned on the chart
Technical analysis failure at price 192 $ : ( Where the resistance and downtrend line have been breached )
Technical analysis success at price 118 $ : ( Where the bear flag pattern target is achieved )
Share price : 171.70 $
Stock financially : Down, as the stock price overvalue
Trend ( technically ) : down
Recommendation : Sell
Reason : mentioned on the chart
Technical analysis failure at price 192 $ : ( Where the resistance and downtrend line have been breached )
Technical analysis success at price 118 $ : ( Where the bear flag pattern target is achieved )
Note
Tesla lost 22 $ so far and the technical analysis above is still working well
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