TeslaLong
TESLA Reversal play?
Previous post:
Observation:
- Met expectation of 1:1 downtrend of line C
- Still moving below both MA200 & Ichimoku Cloud: Downtrend intact
- Magnitude of Line D is slightly stronger than of Line C, while the gradient of line D is less steep(time taken for line D to meet expectation 1:1 is longer) : losing downtrend momentum
Expectation:
-Retracement in progress: More than average volume, more buyers than sellers trading within the last 3 days(circled
-"trying to give market confidence/ supporting the prices" https://www.investopedia.com/musk-halt-selling-2022-7069052#:~:text=Elon%20Musk%20said%20this%20week,least%2018%20to%2024%20months.&text=The%20billionaire%20CEO%20has%20disposed,purchase%20of%20Twitter%20in%20October.
-Retracement 4 (R4) will have difficulties to pass $220(Boxed), where Lower High 4(LH4) will be expected to be formed.
-But, first the reversal have to move pass 140X(boxed) where high volume of tesla is being traded for the pass 600 days (early holders in Jul-Dec 2021 might want to cash out)
Observation:
- Met expectation of 1:1 downtrend of line C
- Still moving below both MA200 & Ichimoku Cloud: Downtrend intact
- Magnitude of Line D is slightly stronger than of Line C, while the gradient of line D is less steep(time taken for line D to meet expectation 1:1 is longer) : losing downtrend momentum
Expectation:
-Retracement in progress: More than average volume, more buyers than sellers trading within the last 3 days(circled
-"trying to give market confidence/ supporting the prices" https://www.investopedia.com/musk-halt-selling-2022-7069052#:~:text=Elon%20Musk%20said%20this%20week,least%2018%20to%2024%20months.&text=The%20billionaire%20CEO%20has%20disposed,purchase%20of%20Twitter%20in%20October.
-Retracement 4 (R4) will have difficulties to pass $220(Boxed), where Lower High 4(LH4) will be expected to be formed.
-But, first the reversal have to move pass 140X(boxed) where high volume of tesla is being traded for the pass 600 days (early holders in Jul-Dec 2021 might want to cash out)
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