Technical Analysis:
Tesla ain't looking pretty .. major bearish signals evolving
- A series of lower highs and lower lows was established
-Main trend line was taken
-Trading back below the 52-week moving average
-Head and shoulders Top completed
-Prolonged divergence on RSI
It's likely that we don't see Tesla trading higher any time soon, prolonged downside is probable within the the coming months for Tesla shares , potential targets start at 175 and possibly at 120.
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Technician
Tesla ain't looking pretty .. major bearish signals evolving
- A series of lower highs and lower lows was established
-Main trend line was taken
-Trading back below the 52-week moving average
-Head and shoulders Top completed
-Prolonged divergence on RSI
It's likely that we don't see Tesla trading higher any time soon, prolonged downside is probable within the the coming months for Tesla shares , potential targets start at 175 and possibly at 120.
twitter.com/thefxchannel
Facebook page thefxchannel.com
plus.google.com/+Thefxchannel0/posts
Technician
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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.
Related publications
Disclaimer
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.