$Tesla Motors(TSLA)$
Oh I See A (Falling) Star!
A bearish Doji Star to be exact.
This is a bearish reversal pattern for Tesla seen from last two days candlesticks. A Doji candle formed yesterday above a long green candle from the previous day.
A two-line pattern is hardly a confirmation of trend reversal and needs to be checked with other technical indicators. However, given the wonderful month-long rally where Tesla stock price has doubled, I believe all good things will end sooner (for now), rather than later.
Tesla might still close above 200 tonight, but chances are there could be a real pullback soon.
If you are long Tesla, it's always better to buy on dips I guess.
@TigerStars
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