TSLA: Current range could be decisive

Any opinions, news, research, analyses, prices or other information contained on this page is provided as general market commentary and does not constitute investment advice. Cyceon will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

After the Tesla (TSLA) stock suddenly dropped exactly as Cyceon expected, it seems that investors are standing idle, waiting for any new developments to make any further move. Ranging in a 244-252 range, the next market sessions could prove decisive for TSLA trend in the medium term. The two latest candles closing under 245 suggest that the next movement is more likely to be bearish than bullish. If so, the next major level could be 235.

TSLA (c) Tradingview.com