TSLA: A Dangerous Situation.
• Yesterday, TSLA did a classic bearish candlestick pattern: a Dark Cloud Cover;
• This is a top sign, and this could bring more correction ahead. The next technical support is at $154, while there’s an open gap at $146.41;
• TSLA failed to hit the technical resistance at $182.50, and this is a sign of weakness, and reinforces the idea of a correction, at least in the short/mid-term;
• For now, there’s no technical reaction that could frustrate the DCC pattern, but I’ll keep you updated every day on this.
Remember to follow me to keep in touch with my daily analyses!
• This is a top sign, and this could bring more correction ahead. The next technical support is at $154, while there’s an open gap at $146.41;
• TSLA failed to hit the technical resistance at $182.50, and this is a sign of weakness, and reinforces the idea of a correction, at least in the short/mid-term;
• For now, there’s no technical reaction that could frustrate the DCC pattern, but I’ll keep you updated every day on this.
Remember to follow me to keep in touch with my daily analyses!
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