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2023-05-22

Why Tesla might have further to fall

$Tesla Motors(TSLA)$  ‌‌ I use the Long term dynamic zone and the short term dynamic zone, to analyse the short term and long term trend of a stock. We can see candles above the long term dynamic support trend during the bull run in 2021. It looked vulnerable when it dropped below both the long term and short term dynamic trend zones in May 2022. A failed rally which started around Aug 2022 eventually failed again by Oct 2022. Ever since, it has been on a big down trend. We can see earlier this year it tried to rally again in Feb and Mar 2023 but was unable to break through the long term trend zone which is acting as a dynamic resistance. If it fails the most recent low around 153, it could potentially drop quickly to around the low pu
Why Tesla might have further to fall

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