Tesla

Where does TSLA go?

130
Where do we go?

- RSI around 60 - Weak sell
- MACD line is moving around it's signal line, just kissed below: Weak sell
- Trend showing upward support until March 25. Past 6 days has been horisontal trade: Neutral
- Volume - Seems like there's been a peak in volume one day (bull push) followed by a few days of low volume where the sellers takes control (bear push)

- 1st resistance: $550
- 2nd resistance: $645
- 1st support line at $500
- 2nd support line at $410

The market is in Limbo. Still anticipating the consequences of Covid19 and the numbers keeps rising both in Europe and U.S with no sign of a peak. The question is; how much dread is already build into the stock / market at the moment? Short term I believe there's too much insecurity in the market. It will take a lot of good news / neutral news to keep moving the market up but few bad news to trigger a new selloff.

Short term: Bearish $500
Intermediate term: $645
Primary term: $785

I recently sold my Tesla stocks and would like to see it come down so I can re-invest at a decent level so there's might be some BIAS in my analysis.

Please comment and let me know your thoughts.


Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.