Tesla (TSLA) Analysis for Week 5/10/20
TSLA over the past couple of weeks has shown a strong uptrend. It is no different here. It will continue up to price 942.00. As you can see, there is increasing volume, MACD > Signal, and it is nicely rejecting off the trendline. If the Volume Profile around 942.00 increases, expect TSLA to continue an upward trend. If it does not, we can expect it to knock out the High before shooting back down to wherever the POC will be at in the future. My bias is long here. Hope you all enjoyed the analysis and please feel free to hit the like button!
TSLA over the past couple of weeks has shown a strong uptrend. It is no different here. It will continue up to price 942.00. As you can see, there is increasing volume, MACD > Signal, and it is nicely rejecting off the trendline. If the Volume Profile around 942.00 increases, expect TSLA to continue an upward trend. If it does not, we can expect it to knock out the High before shooting back down to wherever the POC will be at in the future. My bias is long here. Hope you all enjoyed the analysis and please feel free to hit the like button!