I never published a bearish chart on Tesla, and I don't want to start just because we're approaching a trend line that represented extreme selling pressure on February and August 2020. But I think it's fair to say some consolidation *could* be ahead.
Tesla's been trading in this ascending channel for about a year, so maybe some respect will be given at the $900 level:
Even if price breaks above, we could still see an intermediate term blow off top of some sort that fakes out to the downside and starts consolidating.
Again, not bearish, but I wouldn't buy here! Then again, I missed the last $250 chunk. GL bulls
Tesla's been trading in this ascending channel for about a year, so maybe some respect will be given at the $900 level:
Even if price breaks above, we could still see an intermediate term blow off top of some sort that fakes out to the downside and starts consolidating.
Again, not bearish, but I wouldn't buy here! Then again, I missed the last $250 chunk. GL bulls
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.