Hello traders and investors! Today’s movement was very impressive, indeed! Let’s see what’s going on here, but first, I invite you to follow me to keep in touch with my daily analyses! I’m every day here, to share a few thoughts with you, and I’m sure you’ll find something good around.
Today’s movement was impressive, but not all surprising if you read my latest Tesla analysis (link below). We said here that the odds were that Tesla would defeat this green line at $ 1.8k, since we are in a strong bull trend.
Now, today’s candlestick is a very powerful one, since it is defeating its resistances and it did a new ATH. The volume is very good, and only a strong bear rection would spoil this movement.
Even if the bears react, a pullback to the purple trendline would be very healthy, and the bull trend would remain strong.
Tesla is repeating its usual pattern: Accumulation, runaway gap, explosion, repeat. When this happens, is quite hard to nail a good pullback, because the buy force is too great to let the price slip a little, and who wants to buy Tesla, will have to pay a higher price for it. There’s no other way – at least for now. But all this increases the odds of a strong upward movement, because it is how Tesla usually behaves.
Now, the weekly chart:
It seems we have a mix of Pennant with Double Bottom here, but either way, both chart patterns were triggered. At the same time, it seems we have a bullish pivot triggered.
Now, the stock is resuming its trend and we will need to wait for the next accumulation period to buy Tesla. There are absolutely no sell sign around, but if one is about to appear, now would be a good moment, since we are still close to a resistance level. And before I forget, would you please support this idea? Since you are still here, you must've found this idea interesting, right? Again, follow me if you want more analyses like this!
The price must close this week’s candlestick above the green line, so we can have a better confirmation of the following movement.
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Today’s movement was impressive, but not all surprising if you read my latest Tesla analysis (link below). We said here that the odds were that Tesla would defeat this green line at $ 1.8k, since we are in a strong bull trend.
Now, today’s candlestick is a very powerful one, since it is defeating its resistances and it did a new ATH. The volume is very good, and only a strong bear rection would spoil this movement.
Even if the bears react, a pullback to the purple trendline would be very healthy, and the bull trend would remain strong.
Tesla is repeating its usual pattern: Accumulation, runaway gap, explosion, repeat. When this happens, is quite hard to nail a good pullback, because the buy force is too great to let the price slip a little, and who wants to buy Tesla, will have to pay a higher price for it. There’s no other way – at least for now. But all this increases the odds of a strong upward movement, because it is how Tesla usually behaves.
Now, the weekly chart:
It seems we have a mix of Pennant with Double Bottom here, but either way, both chart patterns were triggered. At the same time, it seems we have a bullish pivot triggered.
Now, the stock is resuming its trend and we will need to wait for the next accumulation period to buy Tesla. There are absolutely no sell sign around, but if one is about to appear, now would be a good moment, since we are still close to a resistance level. And before I forget, would you please support this idea? Since you are still here, you must've found this idea interesting, right? Again, follow me if you want more analyses like this!
The price must close this week’s candlestick above the green line, so we can have a better confirmation of the following movement.
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
🔴 Only 5% of traders manage to beat the market.
👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
