Comments on the chart. I have described the move up from the 260 lows as a retest of the breakdown area. however it could also be described as a bull flag as well. So when there is a dichotomy of good ideas it means care must be taken when stepping into this market. Price closing above the breakdown area is also bullish.
I am still bearish this stock considering the said fundamentals
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Price has done nothing but move sideways since the last update. The bearish idea is still in play
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Price moved up today. Idea has not been negated but the bull flag possibility gained a little more strength today
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Good downmove was seen last friday. Price is still playing around the resistance line and could still go either way. My thoughts are that the area will hold and price will fall.
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Tesla is showing some strength today. And it looks like a bull flag might be in play. Will come back with a new idea