$tsla - bullish pennant, pitchfork confirmation for a move up
Updated
doesn't take a genius to know they were holding this down pre-earnings.
i don't use pitchforks much, but the pitchfork was confirm last week & the length of the flagpole on the pennant aligns perfectly with the top of the pitchfork line.
4 hour chart bullish indicators:
- consolidation within the bullish pennant
- hidden bullish divergence
- bounced perfectly off 50ma last week
- macd buy signal incoming
other bullish indicators:
- over 885, clear skies.. 1K+ can be easily seen
- declining volume, higher high on daily
- bullish harami candle on weekly
at the end of the the day this could all go downhill if earnings go bad.
good luck!
i don't use pitchforks much, but the pitchfork was confirm last week & the length of the flagpole on the pennant aligns perfectly with the top of the pitchfork line.
4 hour chart bullish indicators:
- consolidation within the bullish pennant
- hidden bullish divergence
- bounced perfectly off 50ma last week
- macd buy signal incoming
other bullish indicators:
- over 885, clear skies.. 1K+ can be easily seen
- declining volume, higher high on daily
- bullish harami candle on weekly
at the end of the the day this could all go downhill if earnings go bad.
good luck!
Comment
correction: higher low** on the daily*Comment
ah, what a winner this morning. i expect a bigger move into earnings.
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