Yesterday the price of
TSLA
made a breakout from a downtrend line with good buying volume. It has pretty good relative strength against the market and the ADX is the 20s, stating that its not on trend yet. So, this could be the start of another bull run.
TSLA
has a IBD relative strength rating of 80 and is Rank #1 in its industry. Still, it needs to break above $720 with good volume to actually confirm the upward move and have a perfect buy point.
TSLA
made a breakout from a downtrend line with good buying volume. It has pretty good relative strength against the market and the ADX is the 20s, stating that its not on trend yet. So, this could be the start of another bull run.
TSLA
has a IBD relative strength rating of 80 and is Rank #1 in its industry. Still, it needs to break above $720 with good volume to actually confirm the upward move and have a perfect buy point.
Comment:
I'll be watching this stock waiting for the breakout above $700.