$Tesla Motors(TSLA)$ Last month I did a post on TSLA. Price action was around 180s when I post my thoughts that it is likely to test the 200SMA. It had since tested and breached this level. Luck or my crystal ball is working? Nah, how I wish I can see the future
This is my follow up base on TA. The weekly chart close below 200SMA last Friday which likely imply further downside movement in the short term. The last time it stays below 200SMA was back in Oct 2019. On the daily, all SMA are slopping down, with price action showing higher low and lower low which is also a bearish signal. The next support is around 120-125 region failing which it might breached the 100 level. Let's see how price action forms the following weeks.
My previous post below
https://ttm.financial/m/post/9966101363?utm_campaign=9966101363&utm_medium=copy&shareID=142d23dcdb5ade4f707e219e422c7f64&invite=46NJRK&lang=en_US&platform=android&utm_source=post
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments