Nice bear flag developing in the short-term on the heals of a strong head and shoulders sell-off.

The bias seems to still be to the downside unless it can break $145. Above $145 and you may have a runner. 

If it breaks $145 don’t hold any long positions beyond $165 as it could simply be just a dead cat bounce back to the neckline of the H&S pattern. 

Heres the TSLA technical analysis:

tsla-1 

Source: StockingTSLA.com

You Might Like

  • The Anatomy of a Short-Term Bounce

  • January Barometer: As January Goes

  • Swing Trading the Holidays