cstoyanov

New trading channel

NASDAQ:TSLA   TESLA INC
154 0 5
I do see forming of uptrend channel with multiple buy signals on the Tesla             chart:

Parabolic SAR are indicating beginning of uptrend.
Moving Average Convergence-Divergence ( MACD ) crossover signal is indication of reversing the trend.
MACD histogram is above the 0 line and starting to rise
Relative Strength Index ( RSI ) indicates extreme level of oversold condition reaching 23

I am looking for confirmation from Vortex indicator. As current values are -V=1,171 and +V=0,864 in case of price rising tomorrow this indicator will produce one more conformational signal crossing the lines above 1.00 level. If it occurs I will double my positions in Tesla             .

This could be the bottom of the new trading channel which TSLA             is seeking. I think only if the market is plummeting at Monday this could break the channel.