Tesla

Keep an eye on Tesla Inc.

140
The descending triangle is getting formed. Keep an close eye on the weekly and daily chart. The weekly chart tells me that there is a possibility for a more bearish trend. The daily chart tells me that the volume is decreasing in Tesla. The trend indicators RSI + DMI show me that in both the indicators is a descending triangle of lower highs. The overall sentiment on Tesla lately is not that positive.

I keep my eye on Tesla and will patiently wait for Tesla to hit $ 550.- to take my short position.

First test in the position will be at $530.-
If it breaks under $ 530.- next test will be $490.-

If it breaks through $490.- than there will be no anchoring price so we must wait for the sellers to get exhausted and buyers taking over.

This is NO prediction only possibilities!

As I said be patient and keep an eye on Tesla Inc.

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Quote of the day;
"The goal of a trader is to make the best trades. Money is secondary"

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