$TSLA TOP 20
Added 2023-11-12 16:13:27 +0000 UTC$TSLA remains one of the mega caps that is still struggling with its 200 Day MA.....even $NVDA, which had formed a Head and Shoulders pattern, with a large gap closely underneath it and although it broke down from the H&S neckline, it was able to break out of what is probably the most bearish formation and turn bullish.
$TSLA did look stronger than $NVDA but it has shown weakness now.
We can see on the chart here that $TSLA rejected at its 200 Day MA and similar to $F rejecting at it blue line too.
It was a tough week for EV's and ICE manufacturers and we need to see something positive to turn this around, what that is right now? I do not know.
The impulse wave invalidation line remains at $152, a break below here and this can come down a lot lower, worst case scenario (or to some, best case scenario) this comes back down to the buy zone.
But the bulls need to fight to get this back above the 200 Day MA and if the market pulls back this week, it is hard to see $TSLA being an outlier here.
