• The sell-off persists on TSLA, and it seems we are seeking the 21 ema again;
• The 21 ema is around the black line at $187, which is a trigger point of a possible Double Top chart pattern;
• The bias is still bullish on TSLA, but if it loses this area, and we don’t see any bullish reaction, it might reverse the sentiment;
• Therefore, the area around $180s is extremely important for TSLA. So far, we don’t see any bullish reaction, but it is still above its key support levels;
• On the other hand, in order to resume the bullish sentiment TSLA has to break the $214;
• Right now, we are in “no man’s land”, moving erratically, but soon we’ll have some definition. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• The 21 ema is around the black line at $187, which is a trigger point of a possible Double Top chart pattern;
• The bias is still bullish on TSLA, but if it loses this area, and we don’t see any bullish reaction, it might reverse the sentiment;
• Therefore, the area around $180s is extremely important for TSLA. So far, we don’t see any bullish reaction, but it is still above its key support levels;
• On the other hand, in order to resume the bullish sentiment TSLA has to break the $214;
• Right now, we are in “no man’s land”, moving erratically, but soon we’ll have some definition. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
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