$TSLA to slowly downtrend to correction?NASDAQ:TSLA
Seeing a possible slow down trend on $TSLA.
Many other automotive companies are producing EV's, seems just another possible factor that could take away from TSLA's steam.
On the Daily chart we seem to hit a period of consolidation. If this accumulation doesn't feed enough momentum to continue upwards- I'll be watching to see if this stays within the small regression channel, which could lead to ~1330$ area.
If that doesn't entice buyers, I see this riding to the bottom of the larger regression channel & possibly resting around ~1200$ before developing a new trend.
This analysis is strictly for educational purposes, as shorting $TSLA can be bad for your health and is ill advised.
Good Day!
