- RSI around 60 - Weak sell - MACD line is moving around it's signal line, just kissed below: Weak sell - Trend showing upward support until March 25. Past 6 days has been horisontal trade: Neutral - Volume - Seems like there's been a peak in volume one day (bull push) followed by a few days of low volume where the sellers takes control (bear push)
- 1st resistance: $550 - 2nd resistance: $645 - 1st support line at $500 - 2nd support line at $410
The market is in Limbo. Still anticipating the consequences of Covid19 and the numbers keeps rising both in Europe and U.S with no sign of a peak. The question is; how much dread is already build into the stock / market at the moment? Short term I believe there's too much insecurity in the market. It will take a lot of good news / neutral news to keep moving the market up but few bad news to trigger a new selloff.
Short term: Bearish $500 Intermediate term: $645 Primary term: $785
I recently sold my Tesla stocks and would like to see it come down so I can re-invest at a decent level so there's might be some BIAS in my analysis.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.