RDPD富爸穷爸
2022-11-26

$Tesla Motors(TSLA)$ Chart is looking bearish which is in line with the current sentiment. Since it had breached 180 level, next support is around 150 region in the weekly which is near 200SMA. Failing which 120-125 will be the next area of support. Since there is no sign of trend reversal, I'll just sit back and relax until price action shows otherwise before I take on the trade or if there's a confluence of signals before I take the trade.

It's hard to give a target price but I will structure my trade to give me a risk reward of at least 1:2 

Below my earlier post on Tesla dated 21 Oct in this community 👇

https://ttm.financial/m/post/9983737391?utm_campaign=9983737391&utm_medium=copy&shareID=ece365c00eb222119de7f5119c688c5f&invite=46NJRK&lang=en_US&platform=android&utm_source=post

Tesla<US$160: Time to buy the dip?
Tesla closed below $170, the lowest since November 2020. Tesla’s shares have lost nearly half of their value in less than two months ----------- [TOPIC] What do you think of Musk reducing holdings in Tesla? Will you buy the dip or short Tesla? [REWARDS] Every post above 50 characters will get at least 50 tiger coins
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