EV stocks - Rebound led by Tesla, Chinese EV showed sign of reversal last week
@Shyon:
Rebound from the leader, Tesla What a great rebound and rally by Tesla for the past 2 weeks before the selloff on last Thursday after the news reported that the company was going to delay its Robotaxi project by another 2 months to October, in order to allow teams working on the project more time to build additional prototypes. Tesla daily chart If we look at Tesla daily chart, the recent rally sent the share price beyond its major critical resistance like EMA200 and also a midterm downtrend line. Last Thursday, after the negative news on the Robotaxi delay, the share price plummeted but it might be totally normal due to some profit taking activities by investors after the massive rally. For me, 2 critical levels to take note: - As long as the share price stays ab