possible wyckov accumulation on Tesla
Updated
I think we may have our short term bottom in for Tesla. Today was terrible for the company and the price hit a new low. We managed to recover back to previous lows which makes me think there could be room for a rebound and we should not really go much lower, it feels like the support is strong.
I have drawn a bullish path in green. This could form a bear flag as well and we could move to lower lows depending on earnings. A lot to watch over the next few weeks.
I have drawn a bullish path in green. This could form a bear flag as well and we could move to lower lows depending on earnings. A lot to watch over the next few weeks.
Note
Looks like we took an extra drop but the overall idea is still well in play.We have had some signs of support at 115-120 and if CPI does not surprise too much we should be moving upwards towards that 140 area in the coming days.
Note
Closed my long today, Looks like we may form a bear flag if we drop below 124
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