Remain Short with #Tesla | 23 Agosto 2019

 #FedEx weekly

Remain Short with #Tesla

Technical observation

Following its rejection within the resistance zone 184.83-179.72, #FedEx has been declining steadily towards a supportive level 144.94, last week the value of this company’s shares dropped but still did not reach the 144.94 mark. This week I expect more bearish momentum towards 144.94 followed by a clear penetration below it with a big red candle. If you went short within the zone 184.83-179.72, pick your profits at 1444.94, but if you had are not a trade yet, wait for a breakout below 144.94 followed  by a retracement to it and a rejection before you sell this commodity with your take profit at 101.77 and stop loss at 160.70.

Trade recommendation

Wait for a breakout to sell #FedEx.

#Tesla weekly

Remain Short with #Tesla

Technical observation

#Tesla is trading on an increasing bearish momentum towards level 181.67, I expect a decline to the line followed by a clear penetration below it for further bearish movements towards the lowest support 91.09. If you sold this commodity within the zone 258.83-252.37 after a bounce, hold on to that position with your take profit at 181.67 and stop loss at 283.19. If you are currently flat, you can wait for a breach below the line 181.67 and a correction to it to sell #Tesla with your take profit at 97.01 and stop loss at 210.96. As long as this commodity is contained below 258.83-252.37 only short positions may be recommended.

Trade recommendation

Remain short with your take profit at 181.67 and stop loss at 283.19.

#DAX30 weekly

Remain Short with #Tesla

Technical observation

The commodity on the weekly chart above retraced to a supportive zone it established around 11834.0-11683.0 but could not be contained above it and ended up penetrating below the zone with a big red candle before rallying downwards. This week, I expect a correction to the just broken zone followed by a rejection within it for bearish movements towards the key line 10494.7. My advice,  wait for a correction to 11834.0-11683.0 to sell #DAX30  with your take profit at 10494.7 and stop loss at 12397.9, on your way downwards the key levels to look for include; 10494.7, 8951.3 and 7432.8.

Trade recommendation

 

Wait for a correction to 11834.0-11683.0 to sell #DAX30.

Imelda Maseno
Analyst of «FreshForex» company
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