I posted a video about TSLA a few days back outlining the risks for the bears. Since then we have jumped a couple of percent right where it needed to. Tesla is a company I believe have a terrible business model but a great product, unfortunately, I don't know too many companies that prosper in that environment, however, bears might have gotten a little ahead of themselves!
There a lot of talk about Tesla as a business, typically negative views and much of which I agree with however markets move based on liquidity and I dont see any data suggest we are trending to an economic downturn within the next 6 months. With a massive short position and the chart sitting on support for what could be labeled as a wave 4, we could see a big...
Here's a quick lesson on how to look at trading ranges with TSLA and FB as an example. Expansion to contraction is an excellent tool to help you go a little further on your trading journey. Learn more by joining the CTP Group. We will teach you how to use charts to do a top down approach on any stock in under 5 minutes just for joining. Look to get 1-4 emails...
Hope this idea will inspire some of you ! If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video. Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can...