Happy Friday everyone,
TSLA has tanked in the last couple of weeks hitting really low RSI numbers, as well as slipping just past the .500 retracement from ATH to covid lows. Could act as key support, could fall through.
MACD is at a very bearish point also -19.5 for MACD line which is pretty low also it looks like it could make a cross over with the signal line at some point in the near future.
The red line is my end point and I think after we hit that point or around it that another leg down will be in order. 2023 will be rough, I think.
I think the 4th quarter will bring gains and maybe false sense of safety so be careful.
TSLA has tanked in the last couple of weeks hitting really low RSI numbers, as well as slipping just past the .500 retracement from ATH to covid lows. Could act as key support, could fall through.
MACD is at a very bearish point also -19.5 for MACD line which is pretty low also it looks like it could make a cross over with the signal line at some point in the near future.
The red line is my end point and I think after we hit that point or around it that another leg down will be in order. 2023 will be rough, I think.
I think the 4th quarter will bring gains and maybe false sense of safety so be careful.