As mentioned in my previous charts on tesla posted on previous days. I mentioned that there is bull exhaustion. Today tesla chart showed large bull candle with bullish engulfing pattern and it has come with increased volume, this is a highly bullish signal. Also there is divergence on RSI. I am hoping that tesla should test 700 level in coming days. With new EV package coming should also help. It is still a good swing trade. It wont be a good idea to be long or short but rather trade as a swing trader until it cross resistance or support. Tesla is in consolidation.
Ideas are for education and entertainment. Do trading at your own risk
Ideas are for education and entertainment. Do trading at your own risk
Comment:
increased in price from the date posted. Power of technical analysis.
Trade closed: target reached
Comment:
i hoep u all enjoyed the divergence and bull attack ,