informalStar16695

Is TSLA a buy now? MACD Crossover+ Breakout of wedge pattern=BUY

Long
NASDAQ:TSLA   Tesla
Now hear me out, Even though TSLA Gone down around 10% since its all-time high, is it a buy? As I was analyzing the chart, I can see that TSLA'S MACD crossed-over, which often means that the stock will rise in value. It also broke out slightly from its wedge pattern and if it holds on for a couple of days, I can see adding TSLA to your portfolio can be very beneficiary to everyone. The RSI is also in neutral territory meaning that you can say it has come back sort of to fair value but we have to wait and see. I believe that at this moment, TSLA is a buy. Warning! I am not a financial adviser and take this analysis with a grain of salt. Happy Trading! And see you in the next post!
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