$F TOP 20
Added 2023-04-08 18:49:58 +0000 UTCI have added the two wedges here because I am seeing a descending wedge inside another wedge and both are offering support lines and resistance lines. Furthermore, the 200 Day MA is still the dominant resistance line here and so far has continued to rejected the price to any upside, I am not bullish here until the 200 Day MA is broken above.
So What Now?
Continue as planned, $TSLA has announced more price cuts over the weekend, their 5th price cut this year....will this damage $TSLA or damage the wider car industry as the price wars continue to heat up. Either way, it appears that margins will erode as prices reduce, also showing demand is drying up too. This is not a buy for me until this is in the buy zone.
