An eerie reminder of how wrong I was about
TSLA back before the surge. Nonetheless, I've come to find more than a few tickers that get (seemingly) stuck in a strong down-trend. I had
CHKP on watch a little over a week ago once I saw the crab-legged type breakout over the 180WMA after being in the choppy, downward trend it's been since last year. Nonetheless, I've come to find a handful more of tickers that resembled the same pattern with/without a few slight differences
TSLA had before its breakout. Few examples (
DTE,
EQIX,
CHKP) - I used
CHKP as a comparison because essentially, I look for a pretty big gap down below 3yr WMA for the start of a setup (like
TSLA) - but beggars can't be choosers. Argued with myself to post the
MMM chart with the potential to show same type of breakout, but, how about we say I did & just keep it on watch (Earnings 07/24).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.