TSLA short
TSLA has fallen under the daily 500 and 200, which are both well respected. There is a hidden bearish OBV-divergence (2) wich indicates poor buying pressure and further decay. There has already played out another bearish OBV-divergence (1) which I believe marked the top for the intermediate term.
I expect a rejection off the daily 500 which is around $297 at this moment and has confluence with horizontal resistance at $300. Stop-loss above the daily 200 at $320. Take profit at daily 500 1std dev which I expect to be around $237, however this could go to $180 over time.
I expect a rejection off the daily 500 which is around $297 at this moment and has confluence with horizontal resistance at $300. Stop-loss above the daily 200 at $320. Take profit at daily 500 1std dev which I expect to be around $237, however this could go to $180 over time.
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