Tesla (TSLA) Additional Bearish Signals

Apr 15, 2022

We just looked at the weekly chart for TSLA (Tesla) which shows major potential for a crash.

You can find this analysis in the 'Related Trade Ideas' below...

Now, we want to look at the daily chart which gives us a view more focused on the short-term.

First, notice the inverted Cup patterns.

We have this inverted Cup which signals a top/peak followed by a break below EMA10 and EMA21.

When these patterns show up we get lower prices.

The next signal comes from our indicators, MACD and RSI.

Let's look at the MACD:

- We have a lower high and a bearish cross.

When these signals came up in November 2021 a correction showed up.

We also have a red histogram while the MACD and Signal lines are clearly trending lower...

The RSI has gone below 50 and we consider 50 bullish so that is all we need to know.

Here we also have a lower high and a rejection at resistance which tells us that TSLA can continue to drop.

The trading volume has been decreasing and any selling by the top share-holder can increase the speed of the dump.

This is not financial advice.

Thanks a lot for your support.

Namaste.