TSLA Short-Term Trend

On the chart, we can see that Tesla was in an uptrend on the lower timeframe, however recently the upsloping support failed and after that the price backtested this support as a resistance and got rejected.

We expect that the price will push higher and will create another lower high and from there we will see more downside.

Our target is 0,2236 fib level which would be at 233 $

If the price breaks the downsloping resistance line and create the new high, the short position should be closed as this thesis would be invalidated and the uptrend may resume.#stocks #stock #stockstobuy #invest #investment #investing #money #finance #beststocks #trading #TSLA