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Tesla And Its Relationship With The 20 Day Is Now Bearish

|Includes: Tesla, Inc. (TSLA)

Tesla made its move higher after it made a gap up from an upgrade. This is what scares me about trading. The power that media has to manipulate a stock's price in seconds. As far as the technical picture goes, this has hit its gap resistance that was created from its gap down from earnings. It is also up against its 20 day moving average. That has now switched to pushing this lower. With the RSI now under 50, moves up have a higher chance of being sold off. Be careful! -

1 year chart of Tesla Motors TSLA