Tesla update symmetrical triangle
Price convergence forming a symmetrical triangle as Tesla fails to get back above red resistance zone.
RSI also converges. All sign that the stock is gearing up for a break of the triangle soon. Higher probability on the sell side. Tesla missed 3rd quarter delivery expectations.
Banks and investment funds target the price of Tesla back below the $200 level.
A buy signal could only be if first close above the recent highs and 200SMA, so at least above $260 level.
Good Luck!
RSI also converges. All sign that the stock is gearing up for a break of the triangle soon. Higher probability on the sell side. Tesla missed 3rd quarter delivery expectations.
Banks and investment funds target the price of Tesla back below the $200 level.
A buy signal could only be if first close above the recent highs and 200SMA, so at least above $260 level.
Good Luck!
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