I think we may have our short term bottom in for Tesla. Today was terrible for the company and the price hit a new low. We managed to recover back to previous lows which makes me think there could be room for a rebound and we should not really go much lower, it feels like the support is strong.
I have drawn a bullish path in green. This could form a bear flag as well and we could move to lower lows depending on earnings. A lot to watch over the next few weeks.
I have drawn a bullish path in green. This could form a bear flag as well and we could move to lower lows depending on earnings. A lot to watch over the next few weeks.
Comment:
Closed my long today, Looks like we may form a bear flag if we drop below 124
We have had some signs of support at 115-120 and if CPI does not surprise too much we should be moving upwards towards that 140 area in the coming days.