TESLA - 7% Higher Today but Resistance is Now ⛐🪫

2 Jun 2022

TESLA at resistance and the rebound could take a halt for the moment.

The markets are a funny place and Tesla rose 5% today amidst negative after negative projections.

ref: bloomberg.com/news/articles/2022-06-01/jamie-dimon-says-bank-is-bracing-itself-for-economic-hurricane?cmpid=socialflow-twitter-business&;utm_medium=social&;utm_campaign=socialflow-organic&;utm_content=business&;utm_source=twitter

investmentexecutive.com/news/industry-news/stagflation-lite-risk-of-stagflation-grows-though-unlikely-a-repeat-of-1970s/

TESLA is a great company, there is no debate that together with APPLE and a few others are the Top-Tier stocks to invest in but our chart shows resistance checked right now and unless that resistance can be breached we ought to go short here..yes, we are day-traders.

TESLA NEWS:

Tesla Inc (TSLA.O) is delaying U.S. deliveries of certain long-range models by up to a month, its website showed on Wednesday, as the electric-car maker tries to steer itself through supply-chain issues and disruptions in China operations.

Musk plans to open all-night Tesla diner and charging station. That sound like a pretty cool idea but all cool ideas take time.

Tesla is a keeper but the time needs to be right. We prefer to buy over resistance or at 500$ eventually..

One Love,

the FXPROFESSOR