Tesla on the dip
$TSLA continues to show signs of Distribution.
Price has broken the 50 day moving average, closed below near term support at $436, firmly negative CVD, and with volume increasing as price fell.
Remember the false narratives or fear from the media? The media is now pushing a “Tesla has self driving competition” narrative, along with “declining sales”.
While a technical bounce is due, the low $400s is the next area of interest.
We have cash ready.
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