ya, tradingview chart is messy at least for Tesla since the chart is only taking in data from NY trading hours, half the data is missing and is just gaps (on time frames lower than 4H).
but what i wanted to say was, if you actually take a look at Tesla Chart on lower all the way to 1h time frames (even 4 hours, but with TV charts it doesnt really look like one.) you clearly see a perfectly formed Inverted CUP&HANDLE (the push of Friday was to complete the handle).
This push up to retest was expected, but since Tesla has lost momentum it was expected to fail to break higher, I personally was expecting 450 as high for the day but we did end up touching 451.
Unless there is some surprise news on Monday, i see Tesla running for the shitter Monday to get ready for battery day. I hope im wrong but i dont think battery day is going to make the price shoot higher.
Elon will hit us with some Covid news and precautions that they will have to take in preparations in case of a second Wave hit.
dhuynh7
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@AngryTuna, Howso? Everything is firing up and it is geared to hit 580 this week
wiciamks
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@dhuynh7, you see any technical reason of that?
Also, P/E is more than 1000.
dhuynh7
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@wiciamks, That is true, its extremely overvalued right now
wiciamks
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But I thing a 290-300 usd will be good entery point