Looking at the chart, its clear that Tesla has bounced very nicely off the gan fan 1/1 line. It has followed this trend quite nicely and each time it tests this line, it tends to break out and continue it's move back up.
I like this trend and continue to see it following this range box. As you can see, we should break out to the upside, looking like we may even see $1300 price tag if the trend is our friend.
We also have the hull indicator turning green while the price has regained the EMA 12 line.
I like this trend and continue to see it following this range box. As you can see, we should break out to the upside, looking like we may even see $1300 price tag if the trend is our friend.
We also have the hull indicator turning green while the price has regained the EMA 12 line.
Comment:
Price has been struggling recently but still maintaining structure and is in no means a bad spot. News and ongoing investigations are causing some drag on price, but i believe when things get cleared up, we'll see a nice recovery. Could take a few weeks to play out and if anything, I'd expect price to bounce off the 1/1 IF it falls that low.
I'd like to see us take out the 700.52 to 712.06 price as this would be a good indication that we are continuing upwards.