Tesla | Chart Spells Doom!

Right now the Tesla (TSLA) stock is standing right on support, hanging by a thread.

The bias is bearish.
The trend is bearish.
We have 3 consecutive negative/red/bearish weekly close.

A bounce can happen before lower prices but this is low probability at the moment.

Likely to go below 150.
The 180/165 support range is the critical support now.

The green arrow shows the "bounce" version.
The red arrow shows what the chart is saying at this point in time; charts always change.

The real crash is likely yet to happen based on the chart technicals.

CHANGE
To see change here a close above the down-trendline would be needed.
Not even a close above EMA10 gives out much "hope" long-term.

This is not trading advice nor any type of advice.
I share what I see on the chart.
I am reading the chart for you.

Make sure to always to your own research before trading as you are responsible for your own actions.

Your continued support is always appreciated.

I hope you enjoy the chart.

Namaste.

Bình luận:

First target at 150 hit.
125 next.

Bình luận:

Second target at 125 hit.
~100 next.