TeslaShort
Tsla
First
Weekly chart
Weekly candles here says a reversal is on the way back down
Shooting star followed by a long leg doji..
But that's not even the worst..
Monthly candle is completely extended outside it Bbands.. it wasn't even this extended in 2020- 2021..
When you see technicals this extended , one bad news story comes out and a 15-20% correction can come fast.
We all know ELON has attached his future and the immediate future of his company to the incoming presidency. But I just want to focus on the technicals...
Car sales are this upcoming week
And depending what the numbers are I think TSLA can see either 330 or 500..
414 is a crucial area.. that's the Previous ATH and the 20ma.. below that and we are looking at a double top back to the 50ma or 330.. like I said technically price should pullback to 330 and that would put price back inside monthly Bbands..
But let's say price rallies and pushes up to 500 , I still wouldn't linger long, I don't think we make it out of January with a flush back below 400
Weekly chart
Weekly candles here says a reversal is on the way back down
Shooting star followed by a long leg doji..
But that's not even the worst..
Monthly candle is completely extended outside it Bbands.. it wasn't even this extended in 2020- 2021..
When you see technicals this extended , one bad news story comes out and a 15-20% correction can come fast.
We all know ELON has attached his future and the immediate future of his company to the incoming presidency. But I just want to focus on the technicals...
Car sales are this upcoming week
And depending what the numbers are I think TSLA can see either 330 or 500..
414 is a crucial area.. that's the Previous ATH and the 20ma.. below that and we are looking at a double top back to the 50ma or 330.. like I said technically price should pullback to 330 and that would put price back inside monthly Bbands..
But let's say price rallies and pushes up to 500 , I still wouldn't linger long, I don't think we make it out of January with a flush back below 400
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