Head and Should Pattern on TSLA/NVDA chart.
This chart basically shows the relative strength between these two stocks, if we have a follow through tomorrow. TSLA will outrun NVDA in the short-term.
Meaning:
1. If we are going to have a bounce tomorrow, TSLA will most likely to outrun NVDA.
2. If Non-Farm and Unemployment rate kill the market tomorrow, TSLA will most likely to drop less than NVDA.
However, I think SOXL is currently sitting at the trendline support. I think bounce is imminent in the near term.
This chart basically shows the relative strength between these two stocks, if we have a follow through tomorrow. TSLA will outrun NVDA in the short-term.
Meaning:
1. If we are going to have a bounce tomorrow, TSLA will most likely to outrun NVDA.
2. If Non-Farm and Unemployment rate kill the market tomorrow, TSLA will most likely to drop less than NVDA.
However, I think SOXL is currently sitting at the trendline support. I think bounce is imminent in the near term.
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Related publications
Disclaimer
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.