Tesla continues to decline as expected. By breaking nicely below the S/H/S neckline, we should see a continuation lower toward support in the 88-90 area. Tesla is currently trading near support, so a temporary corrective rally should not come as a surprise, but mark the words temporary. Renewed downside pressure should ultimately set the stage for the continuation lower to the 88-90 support area from where a final impulsive rally remains probable towards new all-time highs.
Relevance up to 07:00 2022-12-23 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
