After a head fake yesterday, Tesla is again a buy on the 1H chart.
Broke resistance at 285.46 and stochastic 21 days is over 60. Stop loss at 285.46
Based on the support which is getting tested today, Tesla might have reached a bottom.
All indicators are turned. Be careful for the earnings in a few days but if you are a gambler, that might be a great entry point
- Stoch is positive - MACD is positive - Waiting for DMI to cross positively
All indicators are a go. MACD, DMI, Stochastic and most importantly, TSLA broke a resistance trend line 2 days ago. So, this is a buy with target 380 ATH, at least
Would love it to retest 236...I would load up. The delay with the Model 3 is just temporary, they will be cash flow positive next year. Then will skyrocket to the stratosphere fundamentally.
After a couple of days around the support, TSLA has done a solid bounce. Up up and away! It is close to break the resistance line also. In ATH it already broke it.
7 EMA over 27 EMA Price over EMA 200 DMI + over DMI - Let's ride this baby
TESLA recent low defined a less rapid uptrend than the one that started in April. Because the Model X won't be showed until next month. I expect the stock price to bounce back on the new long trendline within a month.
Downtrend was broken several days ago. End of month will be introduction of Home Energy Storage, all good.
TSLA is bouncing on its support line, even if it went a little bit lower, so it is respecting its uptrend. The correction should be over.