TSLA is possibly falling further down: to 320 or even to 200. It formed a bearish weekly 8/20 EMA cross and the price was strongly rejected at the daily 200 MA and daily 8 EMA.
Forecast
Weekly
– If the next week closes below 550, expect the lower prices.
– If the next week closes above 600, a bottom is likely in place.
Follow the regular updates in the blog @InvestingAngles or by email subscription.
Previous Forecast: