Don't open any long position yet, just shorts
Tesla has been on a downtrend for a while. it is under the 26 SMA and under the SMA 70 (the baseline). MACD has crossed down (a long time ago) and is under the zero line. It will have a pullup, but the overall trend is down, don't take any risk yet if you are a bull.
If you are a bull, wait for at least 3 - 5 blocks to close over the SMA 70 that could signal an uptrend, but wait till that happens to make the proper analysis.
If you are a bear keep enjoying the downtrend.
Trade safely and good profits for all.
If you are a bull, wait for at least 3 - 5 blocks to close over the SMA 70 that could signal an uptrend, but wait till that happens to make the proper analysis.
If you are a bear keep enjoying the downtrend.
Trade safely and good profits for all.
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