• In our previous post, when TSLA was around $195 I set a target around $179 - $177, if a top sign appears. It happens that TSLA did a Spinning Top, and it dropped sharply afterwards. Now it is below our original target – the link to my previous public analysis is below this post, as usual;
• Now, TSLA is just bearish, and so far there’s not a single bullish sign indicating a bottom;
• If TSLA reacts and closes above the $177 today, it might bounce to higher levels, like the 21 ema, or even to the $198 again;
• In the lack of bullish reaction, we can assume that it’ll seek the gap at $170;
• TSLA has been a very easy stock to trade, as its movements are all technical and precise. For now, let’s pay attention to these key points. I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!