TSLA Stock Forecast using 15-min Chart for Technical Analysis (2-22-23)

I start the video discussing the overall market, which had a very bad day the day before the video was recorded. The Dow was down 700 points, the NASDAQ was down 2.5%, and the S&P was also down. I predicted the market downturn in a previous video, based on the advanced decline line, which had been trending downward.

I discuss Tesla specifically, which is not immune to the market’s woes. The chart of the Tesla stock’s performance over the past few days and highlights the support levels. The stock closed on the low of the day and that it was now at a critical level of support.

I show you several charts, including a five-minute chart, a 15-minute chart, an hourly chart, and a weekly chart. I show in each chart in detail, pointing out the support levels and downtrends. Notes that the stock has not yet broken through the downtrend line, which is a concern.

I discusses the levels of support that the stock might encounter if it continues to decline. The next area of support is at the 200 level, followed by the 190 level and then the 180 level. Note that these levels are relatively close together and that they might not provide significant support.

The video concludes with me expressing my concern about the stock’s future. Note that the levels of support on the weekly chart are relatively small, which is not a good sign. We have to keep an eye on the stock and to be prepared for further declines.

Overall, the video provides a detailed analysis of Tesla’s recent performance and what it might mean for investors. I am concerned about the stock’s immediate future, but this video provides viewers with valuable information about the support levels and downtrends that they should be aware of. Anyone who is considering investing in Tesla should definitely watch this video and take some of my concerns into account.

Remember, I am not a financial analysis. Everything in this post and video is for entertainment and educational purposes only.

Be sure to find me on Twitter @DreTrades