Today TSLA produced the highest bearish volume session since July 2020. This high volume and strong sellers pressure shows up to break EMA55, EMA89 and MA200 daily as support. Needless to say, this is a very strong bearish development.
The break of this long-term support comes after a major lower high. May 2025 much lower compared to December 2024.
My point is to alert you of a much stronger correction than expected on this stock. Now that MA200 has been lost as support, with the highest volume in five years after a strong lower high, we can expect the continuation of the bearish trend.
I will look at Tesla on the monthly timeframe in a separate publication.
Thank you for reading.
Namaste.
The break of this long-term support comes after a major lower high. May 2025 much lower compared to December 2024.
My point is to alert you of a much stronger correction than expected on this stock. Now that MA200 has been lost as support, with the highest volume in five years after a strong lower high, we can expect the continuation of the bearish trend.
I will look at Tesla on the monthly timeframe in a separate publication.
Thank you for reading.
Namaste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.