Tesla DOWNTREND (short-term)

2020年7月5日

TSLA
Tesla is doing a great job delivering and producing its car during this crisys and it showed already its strenght but I think we will see a mid-term sell until the support I spotted. This should happen becouse of the too fast short-term growth of the shares of this company. I think it is a sell until it does touch the orizontal green line I spotted as a support. The Stocastic is also supporting that at this price tesla action are overbought. I personally like the way Tesla applied industry 3.0 and mecanical robot arms and even the internal production facilities but in my tecnical point of view I should wait to another support touch(will be the 3rd one) due to the too fast price growht of last weeks and due to the actual covid situation in US too and as we know Tesla is even in China and right now there is high tension between China and US. Let me know what you think about this analisys, have a good trading day!