$TSLA has failed to break VWAP (purple line) around the $700 level since last week of June and has been on a downtrend since then. Similar to May's "death cross", it's 8EMA is about to cross 21EMA which means it is likely to go down. MACD also showing similar convergence downwards. Unless something positive comes out next week, TSLA could be on a downtrend. However this time round, watch out for the 200EMA (orange line) for a possible rebound. If you are looking to buy dips, wait for the $596-600 level for good bargain. *This is just my personal opinion* Cheers!
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