A Strong signal to sell as it surpassed over the buying trend. This is a good entry chance to sell with bare minimum of risk.
In short term of the technical analysis, the chart are showing a very strong down trend aside from the fundamental issues. Was actually quite healthy for Tesla to retrace for a longer journey, for the meantime we will expect it to go at least till the tend line or even breakthrough it before a further positive movements. Fundamentally to look out from:- ...
Looking at the trend and its behavior, this chart is on its favor on short. (Refer to the screenshot) It was probably the low risk and high rewards time frame. Don't miss it out. Trade safe and stay healthy.
Looking at how it make the last test to became its support, the next possible up will break mid 900. Support:- 863 Resistance:- 967 Till then the battery day we might possibly see this chart fly rocket high. Trade safe and Stay healthy
Another worthwhile to look into it, breaking ema200 and reversing. It is following its smooth trend to head upwards. Trade safe and stay healthy.
Looking at how this pair hit the bottom and reverse, this is an uptrend for now in daily chart. Worth to wait for the reverse from higher low and going into higher high.
Looking at the rejection at 884, there will be a short term rejection before continue to the normal routine. Furthermore Tesla competition out on the market are growing much stronger from multiple anger.
Looking and the past data, it will arrives at 135.4 for the hard resistance. Re-bounce after, is good for bull today. (About 79 pips) If it drives over, we will look at EMA 200. Quite good pair to take on. Trade safe and stay healthy.
We need to pay extra cautious for hitting the trend line, wait for the re-bounce. Trade safe and stay healthy.
Looking at the surpassing the boundary of it, the chart is driving further upside like in "March". Take cautious only if we are going to hold it for more than one day. There are several critical events throughout the weeks. Trade safe and stay healthy.
ILLUMINA hit its 3rd all time high, the bounce back are quite promising, a matter of how far it drive down.
Looks like a smooth falling to where it is from. Smaller risk.
Looking at the daily chart the rally range are within the highlighted box. 1737 looks like a solid resistance, hence a short today. Today's event:- US PMI - 41.5 (It is the lowest, can't go anymore further on the recovery.) Resistance:- 1737 Support:- 1683
Looking at the re-bounce from the trend line, it is worth for shorting in a short term of period.
Looking at it takes the course of downward, the plan is to wait and take a look at the point D. If it possibly bounce back, the short will be firm. Trade safe and stay healthy.
Looking at its trend of pulling back, I will take this may happen in the next few hours.