Annual Forecast for Tesla (2019)

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Tesla shares (NASDAQ:TSLA) have been going southwards systematically, especially since October 2018. The market has been experiencing a series of higher lows, lower highs and lower lows.

Price has recently broken below the Lower Trendline, showing a continuation of the bearish trend. At the same time, the RSI period 14 has gone below the level 50. There is a “sell” signal in the market.

The outlook for Tesla is bearish for this year; and so, further southwards journey remains a possibility. Any rallies in the market would be transitory, and they would invariably lead to further sell-offs, whether slowly or speedily.

 

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