HAMMER (Bullish Pattern) Formation

Mar 15

Weekly Chart- It looks like a "HAMMER" (Bullish Formation) has formed in the last week. This Hammer has "sat" on a good support area and its "Head" is above the 200MA. A strong bounce is possible during the next 3 weeks. The yellow arrows show the behavior of Tesla stocks every time a "Hammer" has formed.

Mar 17

Trade active

Pay attention to last week's low ($217). If this is broken to the downside, the bullish pattern is no longer confirmed. To be confirmed, this week must not make a new low and must make a new high compared to last week. In the 3-minute chart, there is a "GAP UP" at $230 that could be closed.

Mar 18

Note

The graphic situation is getting worse. Evidently the boycott by those who fear DOGE controls is stronger than the technical analysis. If this week Tesla makes a minimum below $217 and does not make a maximum higher than last week, the identified Pattern will NOT be confirmed anymore.

Mar 21

Note

The second week, and second "Hammer" candlestick. This is very rare. If Tesla shares break above $254 next week, this will be a confirmation of the bullish trend reversal with a probable short-term target between $280 and $320.

Mar 25

Trade closed: target reached

Target Reached Above 280$. It could extend the rally to 320$,but it's a bit risky.