Tesla (TSLA): Potential short swing trade
Tesla's share price has made a mediocre attempt to rise above $180, yet Friday's bearish engulfing / outside day seems to have different plans. The fact the candle occurred on high volume following a bearish RSI divergence suggests it may have reached (or is close to) a swing high. Furthermore, the reversal candle has formed around the monthly pivot, 61.8% Fibonacci ratio and 50-day EMA and just beneath the 100-day EMA.
- Bears could fade into moves within Friday's rally to anticipate a break of last week's low
- Alternatively, wait for a break of last week's low to assume bearish continuation
- The lows just above 150 make a viable target for bears, with the potential for it to close the gap or test the monthly S1 pivot
- Bears could fade into moves within Friday's rally to anticipate a break of last week's low
- Alternatively, wait for a break of last week's low to assume bearish continuation
- The lows just above 150 make a viable target for bears, with the potential for it to close the gap or test the monthly S1 pivot
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。