ChartProphet

TESLA- Watch For Continuation Or Fake Out

NASDAQ:TSLA   TESLA INC
Does Tesla have enough steam to continue? Watch for a confluence within the indicators and of course I find RSI most important, watching for it to stay above 58. This is not trading advice.

Comments

if RSI goes below 58, what will happen?
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@Pastig, 50 is a critical level for positive momentum. As you can see with this time frame and chart 58 seems to be very key but NOT required, lets at least stay above 50 on average for a good continuation.
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Pastig ChartProphet
@ChartProphet, yes. As I see it is under RSI 50 soon. I think we have to short soon. What do you think?
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@Pastig, Yes, that might be a good play. I am not trading at the moment... Keep an eye on the DOW as to an indication of direction.
+1 Reply
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