On a TSLA chart, TSLA has been trending cown since last May. On the anchored VWAP lines,
it topped out crossing above the second upper VWAP about the first week of January '23 then
crossing under the same line on January 20, 23 Between August and October price tested and
consolidated about the first upper VWAP line. It then fell to the mean VWAP line and returned
in a retracement to the first upper VWAP line by December. paradoxically, price rose
after an earnings miss in October. From December through early February price fell through the
mean VWAP and received support with the first lower VWAP band. The faster EMA in black
crossed under the slower green EMA in early January. TSLA is last significant uptrend or
correction was a month before that. At present a continued trend direction of down
is predicted by the optimized EMA20/65 lines now diverging from a compression with the EMA
20 in black under the green EMA 65 line. A predictive modeling indicator by Lux-Algo
forecasts the persistent downtrend. TLSA could pick up support at the level of the pivot during
the April '23 earnings report or lower still at the second lower VWAP line at about 141.
Fundamentals can trump technicals but things out there are not looking great for TSLA
it topped out crossing above the second upper VWAP about the first week of January '23 then
crossing under the same line on January 20, 23 Between August and October price tested and
consolidated about the first upper VWAP line. It then fell to the mean VWAP line and returned
in a retracement to the first upper VWAP line by December. paradoxically, price rose
after an earnings miss in October. From December through early February price fell through the
mean VWAP and received support with the first lower VWAP band. The faster EMA in black
crossed under the slower green EMA in early January. TSLA is last significant uptrend or
correction was a month before that. At present a continued trend direction of down
is predicted by the optimized EMA20/65 lines now diverging from a compression with the EMA
20 in black under the green EMA 65 line. A predictive modeling indicator by Lux-Algo
forecasts the persistent downtrend. TLSA could pick up support at the level of the pivot during
the April '23 earnings report or lower still at the second lower VWAP line at about 141.
Fundamentals can trump technicals but things out there are not looking great for TSLA
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TSLA now moving up with upcoming RoboTaxi announcement. Entered Long on April 5th.
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TSLA has falled under the support of the pivot low of 2023- this is a sure sign of
sustained bearish momentum and the rate cut disappearing not helpful to TSLA.
sustained bearish momentum and the rate cut disappearing not helpful to TSLA.