SUMMARY - Neutral with
TSLA being right at support of ~$160
current weekly chart for TESLA:
- June 2022 and Nov 2022 had very similar MACD charts showing 2 very different scenarios (outcomes)
- In scenario 2, however, the VORTEX was totally different, very deep in the red
- currently, the VORTEX (indicator at the bottom) looks more like scenario 1 from June 2022
- the downward channel (adjusted) has been less steep now but can't be disregarded yet.
current weekly chart for TESLA:
- June 2022 and Nov 2022 had very similar MACD charts showing 2 very different scenarios (outcomes)
- In scenario 2, however, the VORTEX was totally different, very deep in the red
- currently, the VORTEX (indicator at the bottom) looks more like scenario 1 from June 2022
- the downward channel (adjusted) has been less steep now but can't be disregarded yet.
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Disclaimer
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.