Tesla - Triangle and -33% drop!
Hello Traders and Investors, today I will take a look at Tesla.
--------
Explanation of my video analysis:
With Tesla stock breaking above previous resistance in 2019 and coming back to retest it in 2020, this stock then took off and created one of the most insane rallies which I have ever seen. At the moment though, Tesla is consolidating in a descending triangle formation and there is a high chance that Tesla will again come back to retest the lower support at $110 for a third time.
--------
Keep your long term vision,
Philip (BasicTrading)
--------
Explanation of my video analysis:
With Tesla stock breaking above previous resistance in 2019 and coming back to retest it in 2020, this stock then took off and created one of the most insane rallies which I have ever seen. At the moment though, Tesla is consolidating in a descending triangle formation and there is a high chance that Tesla will again come back to retest the lower support at $110 for a third time.
--------
Keep your long term vision,
Philip (BasicTrading)
👇🏻Free "Trading Newsletter"👇🏻
Click here: basictrading.net
- - - - - - - - - - - -
Keep your long term vision.
Click here: basictrading.net
- - - - - - - - - - - -
Keep your long term vision.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.