$TSLA to slowly downtrend to correction?

7 août 2020

TSLA

Seeing a possible slow down trend on TSLA.
Many other automotive companies are producing EV's, seems just another possible factor that could take away from TSLA's steam.

On the Daily chart we seem to hit a period of consolidation. If this accumulation doesn't feed enough momentum to continue upwards- I'll be watching to see if this stays within the small regression channel, which could lead to ~1330$ area.
If that doesn't entice buyers, I see this riding to the bottom of the larger regression channel & possibly resting around ~1200$ before developing a new trend.

This analysis is strictly for educational purposes, as shorting TSLA can be bad for your health and is ill advised.

Good Day!