Tesla - failed RSI support

2021年3月2日

Following a massive 2200% rally and multiple overbought conditions (green columns), the above 10-day chart is now indicating a ‘great sell’ opportunity.

Why now?

1) On the above 10-day chart RSI breaks through support. (highlighted in blue).

2) The 2-month chart (below) printed a new candle with the close of February. A gravestone DOJI candle was printed following the oversold condition. This is a strong indication a trend reversal is very probable in the months ahead.

When to sell?

Price action on the daily is considerably oversold, a bounce back to the $850 region would be unsurprising.

1st target $507

2nd target $190

2021年7月3日

交易進行

Spinning top 3-month candle printed recently with confirmation undetermined from previous quarter. Neither buyers or sellers want to make a move. Does either have an edge?

Yes, the bears. Why? Price action is up 30,000% in 10 years.

Good moment to take a PUT.

2021年9月15日

交易結束：達到停損點

The bearish structure is broken, can't ignore that.

Price action now targeting $1400.

2021年10月26日

註釋

Making steady progress to above target. Look for short opportunities once at $1362

2021年11月21日

交易進行

A 'incredible sell' signal prints on the 2-day chart after price action reaches the above target.

Is it possible price action moves higher? Sure.

Is it probable? No.

2023年1月3日

交易進行

This ‘short’ idea on Tesla was posted around $700 (today that would be $230 if the share split never occurred in August). Price action now down around 60% since the idea was published.

A strong bounce will be probable @ $80

2023年4月21日

註釋

Seems probable the bear market rally continues until the past upward channel support is tested as resistance. Once confirmed the downtrend shall continue. Currently down around 50% since publication.

2023年7月20日

註釋

** 25-30% correction is now highly probable **

2023年7月20日

註釋

there goes the first -10%...