TSLA: Be aware of these KEY POINTS! [Gap Filled/Target Hit!]
• Since our last study on TSLA, it hit our target as it filled the gap at $170 – the link to our previous public analysis is below this post;
• However, despite the bullish reaction seen recently, TSLA is trying to reject it, as it is dropping sharply today;
• Since the mid-term trend is clearly bearish, in theory, TSLA is just heading to lower levels, and the $166 is the next support to work with (mid-term support);
• How could TSLA avoid this scenario? First it has to react as soon as possible and break the $177 again (red line). This could give TSLA more momentum to keep up;
• Second, it has to break the 21 ema in the daily chart;
• Third, it has to do a clear bullish reversal structure, which there’s none at the moment;
• Therefore, it won’t be easy for TSLA, but let’s keep these key points in mind for now. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
• However, despite the bullish reaction seen recently, TSLA is trying to reject it, as it is dropping sharply today;
• Since the mid-term trend is clearly bearish, in theory, TSLA is just heading to lower levels, and the $166 is the next support to work with (mid-term support);
• How could TSLA avoid this scenario? First it has to react as soon as possible and break the $177 again (red line). This could give TSLA more momentum to keep up;
• Second, it has to break the 21 ema in the daily chart;
• Third, it has to do a clear bullish reversal structure, which there’s none at the moment;
• Therefore, it won’t be easy for TSLA, but let’s keep these key points in mind for now. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
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