Tesla
Singkat

TESLA: Follow up analysis, bearish sentiment remains

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Welcome to a follow up TA on TESLA,

Clear skies this week for TESLA as a good amount of recovery as shown on the charts. this may just be a dead cat bounce, an overextension of the downward price capitulation follow by a sharp recovery.

However, pay close attention to the overhead resistance level at approx $240. What served as previous support down serves a new resistance. Moreover, price is trending well below all three moving averages indicating downtrend in full swing. No RSI or MACD divergence detected - thus confident that this unlikely a reversal pattern in play. A safe move would be to observe price action between the 61-78% fib ranges before placing any shorts.

TESLA: Ominous

Penafian

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