TSLA Weekly Analysis

20 May 2019

Bear breakout of TSLA, but increased and climactic selling last week and gap down this week. Likely a sell vacuum test of the $180 low. The $240 gap above will likely get filled over the next few weeks to months. The bears need a strong breakout below 180 and 140. Otherwise bears will start to take profits and bulls will re-establish long positions. What happens when strong bears and strong bulls buy? The market can only go up. Unless the bears can demonstrate significant strength here, the bulls are more likely to take back control within the coming weeks. Therefore the next few weeks are important for both sides, and will likely determine the direction of the coming months or even years.