Tesla on a turnaround?

There was also a trading signal on the chart here some time ago. On the weekly chart, we saw a breakout from a PG at $780. On the daily chart, a trend reversal could now take place next week. A small shoulder head shoulder formation is visible here. When the neckline is crossed, the signal is triggered.

As soon as we could conquer this important trigger mark, the retracement to the 780$ mark is likely. New highs can then also be expected again.

Fundamentally, however, the e-mobility market has received new competition. VW and many other car manufacturers are technically well on the way to catching up. But the battle in the e-car market has only just begun. Volatile movements in this sector are therefore likely.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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