Based on candlestick analysis, level of support, MACD, and Guth 3x confirm I am bullish on Tesla for Friday.
The Guth 3x confirm shows that price & volume are low on this 45min chart and that an uptrend is starting with price & I believe as volume increases, price will also increase at an increasing rate.
MACD shows weakening bearish divergence while D+ shows growing bullish divergence.
If you look at the 4 latest candles, 3 of the 4 have bullish wicks while the most recent wick shows a market close price at the highs for the previous 3. What does this mean? Price could drop the next 45min to test the low point of the last wick & with price so low; based on all the previous indications ( MACD, 3x confirm ) we can expect the price to rise.
My 682.10 price prediction is based on the very top level of support
My 688.20 price prediction is based on the bull wick of the largest bear candle
My 693.12 price prediction is based on this weeks high, which I think is possible that a new high can be reached
Tesla is a hard nut to crack but using all forms of technical analysis together, I have confidence in my prediction.
The Guth 3x confirm shows that price & volume are low on this 45min chart and that an uptrend is starting with price & I believe as volume increases, price will also increase at an increasing rate.
MACD shows weakening bearish divergence while D+ shows growing bullish divergence.
If you look at the 4 latest candles, 3 of the 4 have bullish wicks while the most recent wick shows a market close price at the highs for the previous 3. What does this mean? Price could drop the next 45min to test the low point of the last wick & with price so low; based on all the previous indications ( MACD, 3x confirm ) we can expect the price to rise.
My 682.10 price prediction is based on the very top level of support
My 688.20 price prediction is based on the bull wick of the largest bear candle
My 693.12 price prediction is based on this weeks high, which I think is possible that a new high can be reached
Tesla is a hard nut to crack but using all forms of technical analysis together, I have confidence in my prediction.