Tesla’s Trendline Tag

Here we see that, in the face of lifetime highs across the board in the stock market, Tesla has nothing nothing but bounce off its broken trendline.

Given its relative behavior to the rest of the market, as well as its setup, I’d say the months ahead look awfully grim.


More By This Author:

Uber Alles: Charts
The Bond That Binds
Champing At The Bit

I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.