Confession of a TSLA Lover: it 800 or is it 900? (ATR 45 D)
I love Elon, I love TSLA, I love Space-X. But TSLA is due for a rest.
Negative money flow and the inability to break 870 Resistance has induced more selling.
It is very likely it will test 815 next week, then 800 by which time a battle to maintain 800 would be fought.
If the Bulls succeed then it will attempt to run towards 850 and 870, and likely it fails again.
If Bears succeed, a more likely scenario is for TSLA to test 800, 775, and ultimately 740 where support is decent.
Don't shot the messenger.
Love.
TSLA Daily ATR lately is 45.
Negative money flow and the inability to break 870 Resistance has induced more selling.
It is very likely it will test 815 next week, then 800 by which time a battle to maintain 800 would be fought.
If the Bulls succeed then it will attempt to run towards 850 and 870, and likely it fails again.
If Bears succeed, a more likely scenario is for TSLA to test 800, 775, and ultimately 740 where support is decent.
Don't shot the messenger.
Love.
TSLA Daily ATR lately is 45.
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.