So, here's what we got happening in the 3 Day chart
- Golden Cross on the Stochastic RSI (every golden cross in 2023 was the bottom)
- A textbook Dragonfly Doji candle printing
- Bottom identified right along the 50 DMA (Holding strong as of August 22, 2023)
I will be now watching for retests of the upside targets such as 240 - 257, possibly 270 depending on how price moves in the near term
Any bearish momentum in the indexes will however cancel the bull trend & put TSLA back at 208
Possibly lower if we break the 50 DMA & flip that moving average into resistance from support
- Golden Cross on the Stochastic RSI (every golden cross in 2023 was the bottom)
- A textbook Dragonfly Doji candle printing
- Bottom identified right along the 50 DMA (Holding strong as of August 22, 2023)
I will be now watching for retests of the upside targets such as 240 - 257, possibly 270 depending on how price moves in the near term
Any bearish momentum in the indexes will however cancel the bull trend & put TSLA back at 208
Possibly lower if we break the 50 DMA & flip that moving average into resistance from support