$TSLA - Consolidation Process in Play
$Tesla Motors(TSLA)$ - Consolidation Process in Play
The short term trend is intact from the 5DMA perspective, and there is a potential bearish divergence with the RSI. This looks as a healthy consolidation.
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If the market is to pullback, the context behind the charts help to make better decisions.
The U.S. automotive industry is undergoing a significant transformation. Major automakers are investing heavily in EV technology.
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