Tesla -> There Is Still Hope

2 thg 5, 2023

Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .

On the weekly timeframe you can see that Tesla stock just recently perfectly retested and already rejected a quite obvious previous weekly structure area exactly at the 200 level.
You can also see that weekly market structure is now bearish, we are currently retesting weekly support though and there might just be a chance that we will see another bounce towards the upside from the current levels to then retest once again the resistance at the 200 area.

On the daily timeframe you can clearly see that market structure on Tesla is currently still bearish so I am now just waiting for some bullish rejection at the current support zone before we could then definitely see a daily short term rejection towards the upside.

Thank you for watching and I will see you tomorrow!

You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/TSLA/AtO5CYhL-Tesla-Last-Chance-For-Bulls/