downside risk for TSLA

25

September 2020

By

Alex Cole

On Monday in our Flight Path newsletter, we highlighted TSLA as a tech company that hadn't seen the same downward turn as some of its rivals and so expected further correction. Since Monday, the electric car maker has retraced as much as %20 (intraday, during the session yesterday)
We still see bearish pressure threatening to end the "Go" trend of TSLA with price setting a lower high and the GoNoGo Oscillator finding resistance at the zero line.