While uncertainties are still hitting the market hard. Corporate earnings show some sign of worries and Trade Talks are not really going anywhere for the US and China.
Buying volume seems to drain out of Tesla. MACD and Chart show a bearish divergence. This is quite similar to the price action between April and Aug 18.
RSI is also weakening corresponding to the recent price action. January is a common bullish month. Now it's about to end, further corrections might lay ahead in February with more volatility prospect.
Next support for lower high is ranging between $280 to $240. At 240, it is a triple bottom, quite a strong support for the stock.
Buying volume seems to drain out of Tesla. MACD and Chart show a bearish divergence. This is quite similar to the price action between April and Aug 18.
RSI is also weakening corresponding to the recent price action. January is a common bullish month. Now it's about to end, further corrections might lay ahead in February with more volatility prospect.
Next support for lower high is ranging between $280 to $240. At 240, it is a triple bottom, quite a strong support for the stock.