TSLA
showing signs of a reversal on the daily chart. Momentum indicators (middle) suggest strength to the upside although volume (bottom) is weak and for this reason I will remain on the sidelines at this point in time. PS. The volume indicator is a proprietary oscillator that combines both Chakin Money Flow and On Balance Volume Flow concepts. It is used as a trade filter.
Comment:
As predicted, reversal breaksdown and price continues its slide