Wednesday, November 30, 2022
HomeTeslaSymmetric Bearish Continuation Triangle on Tesla

Symmetric Bearish Continuation Triangle on Tesla

You’re here has evolved into a sideband over the past month and a half. Beware, the Nasdaq company could be becoming a symmetrical triangle in reaction to the sharp declines recorded in April and May.

These numbers usually end up being set on the downside. Watch out for a close below $617.50 as this could lead us to think of an extension downside towards the key $540 level.. Its behavior at these prices is vital. If it loses them, we could see a definitive change in its medium to long-term trend. We will not be interested in the stock as long as it is trading below $800.

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