TeslaShort
TSLA Short bias
Rejected at BLUE upper trend line on Oct. 1st.
Holding 20DMA for now.
No strong breakout to either side from wedge pattern.
If we break through the 200DMA/Upper RED trend line -> look out for support by the lower RED trend line.
Beyond the chart:
Valuation still extended, fewer cars delivered in Europe QoQ, competition gained market share, earnings this year look like they will be a one hit wonder made possible by the sale of credits, still no S&P inclusion,...
Holding 20DMA for now.
No strong breakout to either side from wedge pattern.
If we break through the 200DMA/Upper RED trend line -> look out for support by the lower RED trend line.
Beyond the chart:
Valuation still extended, fewer cars delivered in Europe QoQ, competition gained market share, earnings this year look like they will be a one hit wonder made possible by the sale of credits, still no S&P inclusion,...
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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.