Technical analysis by ContraryTrader about Symbol TSLAX: Sell recommendation (5/31/2025)

First off.. that weekly candle was horrendous Rising wedge here.. you can see it on the rsi as well The target of this rising wedge is 300 or daily 200sma.. Lets see how wed get there.. We would need to break below 330.00. 351-355 will be strong resistance if you see a test up in that area I would open a short for 330... cover at 330 and wait for the break below to short for 300 The sector tsla trades under is XLY.. I was saying for the last few days that tsla will have trouble unless XLY could clear 218.. now XLY has finished with a similar weekly reversal candleTsla Anything below 310 is a trap for a bigger move down to 200... right shoulder forming maybe... As long as price remains under 330 this setup is valid.