Tesla and the dead cat bounce

5 May 2021

In the short term I think we can see some recoveries from the recent sell off. We are at a crucial pricelevel which is supported by the hammer-reversal-candles at the trendline and the positive divergence between the price and the MACD and RSI. If we look at the daily chart Tesla has formed a bearish flag which would indicate that the shortsite is more probable. That is why a narrow stop management should be used (in this case the parabolic SAR).

6 May 2021

İşlem kapandı: durdurma seviyesi