TSLA Daily Trend Analysis: Potential Shifts in Bullish to Bearish Zones Dec 11, 2023
The current status indicates a potential transition from the Bullish zone to the Bearish zone, with the daily trend experiencing downward pressure. There is a high likelihood of the stock entering a downward trend if the current position leads to a decline. However, should a downward trend emerge, it is anticipated to be temporary in the short term. There is a likelihood of an upward trend manifesting around the beginning of next week. Looking at the medium to long-term perspective, the probability of entering a Bearish zone is high. Even in the event of a subsequent upward trend, there is an expectation that buying strength will gradually weaken over time, making sustained bullish trends less likely. Instead, a more restrained, oscillating pattern with limited upward and downward movements is anticipated. Given the stock's correlation of approximately 71% with the broader U.S. market, it is important to note that trends and timing may change based on overall market movements. The