Tesla’s Technical Analysis
Shared this in my video:
“Tesla is approaching oversold level on the RSI. Hence, a short term bounce or holding pattern could be on the card
For Tesla to stop the rot, it has to go back into the downtrend channel, and STAY within it. That means Tesla has to close above 218 to 220 level. The longer Tesla remains in the channel, the higher chance we will go up to test the top end of the channel, which lies around the 230s range.”
Update: there you have it, Tesla is back in the channel, at 230s range. But didn’t expect to hit it that fast (check out the video below on the channel that i am talking about)
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Rough August! Losing Streak for US Stock Market!
https://youtu.be/Uzyj3JMei9g
$Tesla Motors(TSLA)$ $Tesla Motors Bear ETF-AXS(TSLQ)$ $Direxion Daily TSLA Bull 1.5X Shares(TSLL)$
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ok I have the bulls right where i want them. I just have to get this horn out of my ass first!!!
I only expect a rebound but not a reverse of TSLA
Why is Tesla up in premarket?
I’ll buy when the price become stable.