Short thoughts on a neutral area. TSLA broke out of what appears to be bear flag to me. I also see an inverse cup & handle. We may attempt to retest and/or regain the channel. If we fail, 225-220 is my target. Demand zone marked. More journal notes this week to stay focused on the trade(s).
Bear Flag:
bapital.com/technical-analysis/chart-patterns-list/bear-flags
Cup & Handle:
investopedia.com/terms/c/cupandhandle.asp
Inverse Cup & Handle ( from our very own Trading View):
youtu.be/MvUHkmOzmaw
Bear Flag:
bapital.com/technical-analysis/chart-patterns-list/bear-flags
Cup & Handle:
investopedia.com/terms/c/cupandhandle.asp
Inverse Cup & Handle ( from our very own Trading View):
youtu.be/MvUHkmOzmaw
Trade active
A few good trades to the upside and downside week of 4/7. Thinking... gearing up for earnings on a very bearish chart. Pops this week are targets to me. double bottoms at HLs (W pattern). Week of 4/14, my SL is 240 Mon/Tues. Target potential 255, 260, 265, 270 using what occurred last week. Need to stay above mid range (240). Last 2 weeks Mon and Wed have been solid days. Whatever day issues volatility, watch for pullbacks.Note
4/11 week candle may have created a double bottom. price reached the bottom of the bear flag and held 250 at friday's close. 4/14 opening above 251. can we attempt to break previous week hi? 260,265,270 targetsNote
4/14 reject at 261.8. gap still open. broke below 250. 225 gap below.Note
Broke under 240. If TSLA gaps up Fri 4/17, looking for reject to play back down. Todays candle closed below the prev day s of chop. Earnings 4/22invst.ly/1a1k67
Note
Market Watch Article in comments below. The TSLA cult wants Elon to be untouchable & Tesla to soar w/o consequences for the role Elon has played in the government since Trump took office. Pride before destruction.Note
225 reached today. if tsla pops for earnings, i say don't buy that pop.tootles
Mommy Miles :)
Mommy Miles :)
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tootles
Mommy Miles :)
Mommy Miles :)
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.