Update on Tesla as it continues to struggle

Anna Coulling • Feb 23, 2022 at 3:30 PM EST

An update on the daily and weekly chart for Tesla.

A quick update on Tesla (TSLA) which has continued to struggle since my 2nd February post the extent of which we can see on the annotated daily chart. I have also included the weekly chart for downside levels likely to be tested. The good news is these look robust.

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In addition, we also need to wait until Friday’s close before we can make a meaningful assessment of the price/volume relationship.

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Charts from Ninjatrader and the accumulation and distribution indicator is my own and available from Quantumtrading

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