TSLA - In Stage 4
After breaking out to Stage 4 from Stage 3 Top and Head & Shoulder pattern, TSLA is re-testing 30-week MA. With the increase in supply it is possible to see a drop in share price in the coming weeks.
Note
The stock is descending as expected, It is possible to see buyers trying to provide support around 150 levels near 10-week moving average.
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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.