Good Morning ALL, Full disclosure, I'm relatively new to Technical Analysis and looking forward to increasing my analysis skills though Options Trading and Technical Analysis on Tradeview. I would say, as an Options Trader. Short Term (One Week Swing Trade) would seem to show down side indications. There is some support to be tested over the next few days, TSLA stays in the news (Usually Bad), but the Fanboys and Traders Love um. As they say "Any news and good news".
Support Level at 151 - If Support is broken at 152-151 level I would think that TSLA will Drop to the 144 Level. - A Supported Bounce could bring the stock to to retest the Channel at ~165 - Is channel is broken i would say possibly hitting 275 region.
I would steer clear from Trading TSLA until we see what happens
TSLA: - Break Down Momentum (SMAs) - Failed To Break The Channel - Poor 1st Quarter Deliveries (Market News) - Decreasing Volume
Outlook: Short Term Swing: Bearish (250/Share) Long Term: Bullish (275/Share)
*Trade at your own Risk, I'm not a Professional Trader DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT/ANALYSIS
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.