Welcome to a comprehensive analysis of the little Penny Stock that could..
TSLA is at it again, ripping shorts and trapping longs. Business as usual.
TSLA operates primarily from one chart being the Hourly. All signals giveth and all Signal taketh away from this chart.
At present we are seeing a distinctive weakness creeping into the hourly chart which is presently in a distribution pattern making lower lows on it's consolidation. The trend is just starting to turn bearish and as you can see from our dynamic support and resistance levels, our first stop after already retesting resistance is a fill of the box at 316.14
Once this box is broken we can expect to fill the lower gap at 291.85 being a weekly support target.
Finally if a run back to the 265.13 Monthly target would complete the Market Maker discount to grab stock and push it higher from here.
All things being equal,TSLA is a great short in the mid-term with both CCI and MA angle breaking to the downside.
TSLA is at it again, ripping shorts and trapping longs. Business as usual. TSLA operates primarily from one chart being the Hourly. All signals giveth and all Signal taketh away from this chart. At present we are seeing a distinctive weakness creeping into the hourly chart which is presently in a distribution pattern making lower lows on it's consolidation. The trend is just starting to turn bearish and as you can see from our dynamic support and resistance levels, our first stop after already retesting resistance is a fill of the box at 316.14
Once this box is broken we can expect to fill the lower gap at 291.85 being a weekly support target.
Finally if a run back to the 265.13 Monthly target would complete the Market Maker discount to grab stock and push it higher from here.
All things being equal,
TSLA is a great short in the mid-term with both CCI and MA angle breaking to the downside. Trade active
All targets were smashed. 
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.