- Tesla's stock is at a critical juncture with high volatility, suggesting major indecision and potential challenges ahead.
- Key support levels are being tested, and broader market factors indicate uncertainty, making a downward trend more likely.
- Long-term shareholders should consider stop-loss orders, while short-term traders might take profits and wait for clearer signals.
- Given the current market conditions and technical observations, Tesla is a sell in the near term due to higher downside risks.
- In this article, I discuss a solid contingency plan that investors could consider for gaining an edge on the stock’s likely price action.
https://seekingalpha.com/article/4720068-interest-rate-cuts-layoffs-and-teslas-stock-whats-next-for-investors-technical-analysis