It looks clear to me that the upward symmetric triangle breakout has failed, even after an earnings beat. TSLA is now testing $405, a very important support line. As I mentioned in my earlier TSLA idea, if it breaks under $405 and under the top trendline of the triangle, I will be bearish. The current situation is already looking quite bearish, but you can never know with TSLA. $350 seems to be the next level of support.
A downward channel, which I previously believed to be a bullish pennant, has also developed. Perhaps an upward breakout from this channel will be TSLA's saving grace. Only time will tell.
This is not financial advice. Be aware of your own risks. I am not responsible for your gains or losses.
A downward channel, which I previously believed to be a bullish pennant, has also developed. Perhaps an upward breakout from this channel will be TSLA's saving grace. Only time will tell.
This is not financial advice. Be aware of your own risks. I am not responsible for your gains or losses.
