Tesla's been tightening just where I want it to be tightening before it makes a big move - for me that's the 50 week moving average, where it held during the Covid meltdown.
Since its top in January, volatility contracted in the form of a bull flag. With earnings coming up in 4 days that looks like the catalyst to ignite a move in either direction.
Based on its history with flags above the 50 week MA, my bet is it goes higher.
This is an update to these most recent posts on Tesla:
November 8 2020
January 8 2021
GL
Since its top in January, volatility contracted in the form of a bull flag. With earnings coming up in 4 days that looks like the catalyst to ignite a move in either direction.
Based on its history with flags above the 50 week MA, my bet is it goes higher.
This is an update to these most recent posts on Tesla:
November 8 2020
January 8 2021
GL
Comment:
grinding at the 200dma and closing in on a breakout
Comment:
Next big resistance is around 830 and spot to trim for shorter term layers / active traders
If it pauses there I expect that consolidation to set up a new pattern for new all time highs next year
If it pauses there I expect that consolidation to set up a new pattern for new all time highs next year
Comment:
next targets 1120, 1500, and 2k
Comment:
A dream set up for me would look like this from here:
Comment:
Dream set up developing (see update above)