🚘 Tesla (TSLA) Recovery To Speed UP!
Today Tesla (TSLA) hits its higher level in 2023 and the recovery that we've been tracking is about to gain speed.
Normally, after such a strong bearish wave many people become cautious and doubt can creep in at any moment, at any time when things are not fully clear.
But we can remain certain knowing that the market moves in cycles... up and down... up and down.
Even if the signals we look for are inconclusive we can always look at the market cycle for confirmation.
Tesla red since November 2021.
Tesla red all through 2022.
Tesla hits support and volume starts to grow...
Even if the continuation doesn't happen right away, we can increase our certainty for a recovery just by keeping in mind that it already dropped for a full year+.
After a wave down, we go up.
It can be a relief rally or it can be a recovery it doesn't really matter at this point.
We spot the reversal at support... It goes up, confirmation only comes after fact, not before.
Our targets remain the same, around 180 mid-term (1-3 months)... It can go higher depending on how Q2 will develop but we go step by step.
The higher targets can be seen on this chart, 29-Dec-2022:
The main bullish signals are as follows: (1) Highest daily volume in 2 years, (2) lowest ever RSI, 3-Jan-2023:
Thank you for reading.
Namaste.
Normally, after such a strong bearish wave many people become cautious and doubt can creep in at any moment, at any time when things are not fully clear.
But we can remain certain knowing that the market moves in cycles... up and down... up and down.
Even if the signals we look for are inconclusive we can always look at the market cycle for confirmation.
Tesla red since November 2021.
Tesla red all through 2022.
Tesla hits support and volume starts to grow...
Even if the continuation doesn't happen right away, we can increase our certainty for a recovery just by keeping in mind that it already dropped for a full year+.
After a wave down, we go up.
It can be a relief rally or it can be a recovery it doesn't really matter at this point.
We spot the reversal at support... It goes up, confirmation only comes after fact, not before.
Our targets remain the same, around 180 mid-term (1-3 months)... It can go higher depending on how Q2 will develop but we go step by step.
The higher targets can be seen on this chart, 29-Dec-2022:
The main bullish signals are as follows: (1) Highest daily volume in 2 years, (2) lowest ever RSI, 3-Jan-2023:
Thank you for reading.
Namaste.
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