Cybertruck and Tesla (TSLA) Stuck in A Rut...For Now

H3l10s Updated   
The sentiment towards Tesla (TSLA) following the release of the Cybertruck on November 30th remains neutral for now. However, the squeeze is on as price is stuck in a horizontal channel, and in a week or so we could see a breakout one way or the other. Looking at the Net-Buy-Net-Sell (NBNS) and the Monthly and Weekly Volume Sentiment Ratios (VSI-CR) we see a bullish nod. The Advanced Stage Analysis Indicator (SAI) says otherwise at this point and indicates a bearish sentiment. We will keep an eye on this and keep you updated if we see all indicators in agreement for a potential entry. Please comment and let us know your thoughts!

Risk Management Reminder

As with any trading strategy, it's crucial to practice sound risk management. Ensure that your investment aligns with your risk tolerance and financial objectives. The Stage Dynamics Method is a powerful tool, but like all trading strategies, it is not infallible. Stay informed, stay cautious, and trade wisely. Happy trading!
Trade active:
Price broke and closed outside of the horizontal channel along with the Stage Analysis (SAI), Volume Sentiment (VSI), and Net-Buy-Net-Buy (NBNS) indicators all in agreement signaling a bullish sentiment. Tomorrow we will enter a long position at market open.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.