TeslaLong
TSLA - Resistance Retest
Updated
Comment :
1) TrendX+ indicator - candlestick wandering above trend line, mid-term uptrend
2) DDX+ indicator - fund candlestick is above zero-axis, looking forward breakout trend cross resistance
3) MCDX+ indicator - Strong, banker bar has increased to 74% while retailers bar (turquoise) has vanished since 21st July, same day as the W-bottom breakout Trendline B with high volume
4) Looking forward TESLA to retest resistance at Trendline A and also achieve level-2 at point e
Support & Resistance :
R : Trendline A, around 1070-1090
Remark :
- Length of ab=cd=de
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
1) TrendX+ indicator - candlestick wandering above trend line, mid-term uptrend
2) DDX+ indicator - fund candlestick is above zero-axis, looking forward breakout trend cross resistance
3) MCDX+ indicator - Strong, banker bar has increased to 74% while retailers bar (turquoise) has vanished since 21st July, same day as the W-bottom breakout Trendline B with high volume
4) Looking forward TESLA to retest resistance at Trendline A and also achieve level-2 at point e
Support & Resistance :
R : Trendline A, around 1070-1090
Remark :
- Length of ab=cd=de
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
Note
Update subsequent to 3-for-1 stock split on 25-Aug.Tesla still struggling to stand above point (d) at price 308.73. Besides this, it has banker bar of about 92%, quite strong/bullish at the moment.
Note
Further update on Tesla.Note
Tesla Head & Shoulder formNote
Update on Weekly chart
Disclaimer
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