$TSLA TOP 20
Added 2023-08-06 20:04:25 +0000 UTCThe only thing that is holding this up is the 50 Day MA on the daily chart which can be clearly seen here.
For me, the trend is moving more to the downside so I am still leaning towards the red corrective count....unless the bulls can really step in and push this back above $268.
They have not been stepping in since earnings.
Maybe smart money bailed out at $299 and want to see this fall back down to more reasonable levels, until $TSLA can improve on their margins.
A rejection at $268 again for Wave 2 in red would surely see this move a lot further down.
Comments
If SPY is rally for the rest of the year, do you think tsla will go opposite of SPY and drop lower? Thank you. Do you do tsla valuation analysis ?
Yoko Yu YYKK #4204
2023-08-06 20:14:06 +0000 UTC
