In the space of 2 days, Tesla dropped 5% and then regained support of a rising trend that began almost 2 years ago.
This should be a strong indicator that the 'weak hands' have been flushed out ..
Cap that with a strong rally higher in the finishing moments of wednesday.. I have a hard time imagining this won't open higher Thursday.. possibly into a short squeeze.
This should be a strong indicator that the 'weak hands' have been flushed out ..
Cap that with a strong rally higher in the finishing moments of wednesday.. I have a hard time imagining this won't open higher Thursday.. possibly into a short squeeze.
Note
Here's the weekly chart where you can see the whole support line and the strong hammer so far this week.
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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.