32no
Long

$TSLA looks more like a cup and handle, not a double top

NASDAQ:TSLA   TESLA MTRS INC
The volume was higher on red days than green days during the first top, and during the second top the volume is low (typical of a cup and handle) and also higher volume on green days than on red days, indicating a bullish chart. This may still turn out to be a double top, so investors should be cautious and watch the support.
AYosof
2 years ago
what is the support level?
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32no AYosof
2 years ago
I have three supports drawn. Apparently, the ideal handle has a 10-15% downturn, which would put the stock above the yellow support line, but it is possible that we have a short handle with support at the green line.
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