Short Idea.
Since the start of 2023, TSLA has been in a daily uptrend and has seen increased volume from the lows, implying heavy buying < 120. A distribution has been built > 170, but price has been having trouble sustaining > 200.
Price is currently 189, and trading under 200D, and has recently started trading under 20D and 50D. Price is trading at the lower end of the built distribution. This implies that price may want to explore lower and further develop the lows.
Short targets: 189 / 196
Profit targets: 180 / 172 / 164 / 152
Trade is invalidated > 200.