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Teslashort

Tesla going to 100 usdAs stock and crypto are in a bear market, Tesla is no exception to the rule. In fact, it seems like the fall is excellerating faster, which is indicated by Fetch Trends. The strength of the trend is visualized by the change in colors, giving this chart this gradient. With the SPX hitting resistance, and Tesla breaking support, 100 USD is the next obvious target for Tesla. Now why is this obvious? The next support lines are created by the previous support and resistance lines, created in Juli 2020. Old resistance becomes new support.
NASDAQ:TSLAShort
by VinanceYT
Sell-off Exhausted | TeslaUS markets ( S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve . Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday. TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout. Helping TSLA fend off broad investor pessimism is the company’s improving supply chains. On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
NASDAQ:TSLA
by BlackBull_Markets
TESLA ON HOURLY CHARTTesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also if we look at the resistance level we can observe that every time stocks comes near resistance price there was a good reversal with good volumes.(Red Volumes bars more). Reason for shorting setup because- 1)Sustaining below 200MA indicating major downtrend. 2)Fibonacci levels retracements. 3)Selling pressure up, red candle in volume increasing near resistance area. 4)Bearish Pennant pattern. Trade safe.
NASDAQ:TSLAShort
by Trademint08