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Ideas_by_Jake

TSLA 1W

Short
Tesla (NASDAQ:TSLA)  
Ideas_by_Jake  
NASDAQ:TSLA   Tesla
Trend Analysis tesla Tesla Motors (TSLA)
8
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trendanalysis tesla tsla
Why do I expect price to move lower towards 148 USD?
Firstly, let's look at the chart.

What can you can read from the chart?
  • Price has moved sharply up after correction testing fib 0.382 (from ATH)
  • Price has been creating lower highs (LH) for last several months.
  • Price is currently below Ichimoku Cloud (strong resistence).
  • Price is below strong resistance (used to be a very strong support).
What do I expect will happen based on my readings?
I believe price will move back towards local PoC around 148 USD.
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