Tesla and the dead cat bounce

2021年5月5日

In the short term I think we can see some recoveries from the recent sell off. We are at a crucial pricelevel which is supported by the hammer-reversal-candles at the trendline and the positive divergence between the price and the MACD and RSI. If we look at the daily chart Tesla has formed a bearish flag which would indicate that the shortsite is more probable. That is why a narrow stop management should be used (in this case the parabolic SAR).

2021年5月6日

交易結束：達到停損點