TSLA:- Hourly Bearish
In short term of the technical analysis, the chart are showing a very strong down trend aside from the fundamental issues.
Was actually quite healthy for Tesla to retrace for a longer journey, for the meantime we will expect it to go at least till the tend line or even breakthrough it before a further positive movements.
Fundamentally to look out from:-
The uncertain visions:-
EV will definitely be a trend in long term. However, the competitors are following tightly from Tesla's back.
Due to Covid-19, people are seeing a work from home more than travelling around (this may carry to our future lifestyle), that says will car sales be potentially fall due to car may not seems to extremely crucial compared to the past. Everything accessible from "Home".
Was actually quite healthy for Tesla to retrace for a longer journey, for the meantime we will expect it to go at least till the tend line or even breakthrough it before a further positive movements.
Fundamentally to look out from:-
- Covid-19 second wave
- Tesla Batery Day
The uncertain visions:-
EV will definitely be a trend in long term. However, the competitors are following tightly from Tesla's back.
Due to Covid-19, people are seeing a work from home more than travelling around (this may carry to our future lifestyle), that says will car sales be potentially fall due to car may not seems to extremely crucial compared to the past. Everything accessible from "Home".
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