Tesla - 2 Hour Chart Breakdown Revised

16 jun 2023

Todays 2 hour candles attempted a Break above the 7 day EMA that I'm using as my Trendline and I Indicated that it would need to stay at $258.00 or higher to maintain the Bullish Trend. Tesla however continued to breakdown with the last candle below the trendline forming yet a negative divergence between the highs of yesterday and today. Support targets are indicated. So at this point on the 2 hour chart we now have 3 confirmed Bearish/Sell Signals. The same 4 hour chart is also Breaking Down but has not yet generated the Bearish MA Cross as it has here. Tesla is showing alot of resilience in not breaking down more quickly.
I remain Very Bullish Long Term on Tesla' however it is due for a Pull back however I suspect by the 2QF's that Tesla will reach $280.00 ...