Tesla

TSLA - Weekly chart still Bearish. Still no buy signal.

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Daily and Weekly charts are both Downtrend and Bearish.

TSLA Price Structure forming Support and Resistant at every 50$ interval.
i.e Major Support and Resistant are at 100, 150, 200, 250, 300... (Please remember this levels)

We have seen 250 rejection Dec 2023, Breaks 205 Jan 2024, pullback and rejection at 205 last couple weeks.

205 is now become Support turned Resistant. Next Support is around 150..

Expect technical rebound around this area which can be an opportunity for hit and run BUY trade (Intraday / Short term trade againts HTF direction.).. Otherwise, stay out until buy signal appear..

Currently, Turtle Sell signal (Price Action) triggers in both DAILY and WEEKLY charts with MCDX Buying Momentum is DOWN while Selling Momentum is Up
Selling Volume / Retailer is DOMINATING Buying Volume / Banker ( 68% Retailer vs 8% Banker )
Note : 0% Banker in DAILY CHART..



Penafian

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