TSLA appear to have a near perfect BAT (or Butterfly) pattern newly formed. The MACD and RSI are just beginning an upswing. I believe TSLA will increase to $250+ tomorrow or later this week, after being slammed fairly hard today. Seems like the indicators as I interpret them show a nice rebound shaping up.....Fast stochastic also at bottom of cycle.
black line in future is where I think the stock is headed, couldn't find an arrow point, so that will have to do.
Please comment or critique, this is my first idea that I chose to publish, so sorry if I butcher the appropriate terminology. Also neophyte to trading.
All longs got slaughtered. there are long term trades and short term one.
DarinCHarshman
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SO perhaps not the dramatic rebound yet thatI thought might happen.....thanks for looking.....I have more studying to do, and will look at the longer duration indicators/charts
but thanks for looking, I do appreciate it!
Darin
mazdaki
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Think about the time scale... one minutes is just short for a long term trade in the order of coupole of days....