🚘 Tesla Short-term Bounce? Maybe...

Dec 22, 2022

My friends, a bounce can happen anytime but there are no signals pointing to this scenario.

We've been bearish for a while, sharing bearish charts with bearish signals.

It keeps going lower until it stops.

There is no support below 125 until 100/110.
Daily session closure needed for confirmation. (Things can change in a day!)

We can speculate about a bounce but we don't have any signals to support this at the moment.

The RSI is hitting weak/oversold.
That is one thing that favors the bulls but it can go to oversold and stay there for days, weeks or months, it really depends on how it all develops.

Just a quick update to answer the questions I've been receiving.

I appreciate your support.

This is the main chart, please support my work.

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Namaste.