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carrering_official
Dec 4, 2020 7:18 PM

TSLA Bull Flag 1Hr - could this be it? Long

Tesla, Inc.NASDAQ

Description

TSLA has been choppy and trading in a channel for 2 straight days now. this is mostly due to outside pressure from the non-farm payroll report, stimulus inaction, short Michael Burry. despite all the selling pressure the stock as oscillated between 590 and 595. Scaling out to the hourly view I see what looks like a bull flag forming. so if we have a breakout at end of the day maybe we have a chance. but it needs to break past 600 and stay there to confirm. if it does i see a swing over the weekend. and we can open on monday in the low to mid 600's. cautiously optimistic. as always never play what you would lose sleep over. i'm using profits for a small swing play. happy trading!
Comments
Midas4mark
I believe that it's all a ruse. All the corporate traders might be selling just enough to drop it a few percentages to tempt retail traders into buying more and more stocks in order to fluff up their own eventual corporate paycheck on the 21st when it shoots up from S&P500 buys occur, just like Micheal Burry is talking about. The question is, when are people going to sell around the time the inevitable avalanche occurs?
carrering_official
@Midas4mark looks like it played out. I see a pullback and then on up to $800 for 12/21
sftimeless
I was going to post the same! Looks like a flag but there’s so much selling pressure
FrancisKingu
thanks!
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