The recent news coverage of Tesla is negative. What happened in a car show in Shanghai has gone viral on the internet. Chinese folk were disappointed about how Tesla handled the customer complaint. Obviously that damaged its reputation. However, Tesla is still a great company. The recent pullback may give us a good buying opportunity.
On daily chart, it's coming towards a key demand zone with high probability of rebound:
1. Nice demand formation
2. Key fibs
3. Moving averages
4. flip
On daily chart, it's coming towards a key demand zone with high probability of rebound:
1. Nice demand formation
2. Key fibs
3. Moving averages
4. flip
Comment:
IT's deeply in the zone.
Comment:
Price reacted to the zone. However, due to deteriorated situation in India, stocks are under pressure. The healthcare sector is supposed to attract more funds.
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