Stock : Tesla
Share price : 171.70 $
Stock financially : Down, as the stock price overvalue
Trend ( technically ) : down
Recommendation : Sell
Reason : mentioned on the chart
Technical analysis failure at price 192 $ : ( Where the resistance and downtrend line have been breached )
Technical analysis success at price 118 $ : ( Where the bear flag pattern target is achieved )
Share price : 171.70 $
Stock financially : Down, as the stock price overvalue
Trend ( technically ) : down
Recommendation : Sell
Reason : mentioned on the chart
Technical analysis failure at price 192 $ : ( Where the resistance and downtrend line have been breached )
Technical analysis success at price 118 $ : ( Where the bear flag pattern target is achieved )
Commentaire:
Tesla lost 22 $ so far and the technical analysis above is still working well