🚘 Tesla Cup & Handle Plus Other Signals
This market won't open for another day+ but Tesla (TSLA) ended last year on a positive/bullish note.
Will there be follow up when the market opens?
Guessing is of no use... We can only read the chart.
The chart is showing a classic Cup & Handle pattern.
There are also other short-term bullish signals:
We also have multiple gaps on the way down...
Normally when you have strong and fast declines the reaction when a support level is found, is a strong and fast rebound.
We will see how it goes.
Namaste.
Will there be follow up when the market opens?
Guessing is of no use... We can only read the chart.
The chart is showing a classic Cup & Handle pattern.
There are also other short-term bullish signals:
- The 28-Dec. Doji (reversal signal).
- Increase in green volume.
- Trading above EMA10/21.
- Bullish RSI.
We also have multiple gaps on the way down...
Normally when you have strong and fast declines the reaction when a support level is found, is a strong and fast rebound.
We will see how it goes.
Namaste.
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