TSLA is no doubt the most controversial stock. It has weathered the storm of 2020 yielding incredible returns. So where to now?
One thing I can see on the chart is that TSLA loves triangles!! I'm looking for a break of the most recent triangle and the break of the upper trendline along the recent RSI highs for entry. Triangle/RSI breaks appear to be preceded by tapering volume. Granted, any volume levels coming from the most recent monster volume day (12/18 = 222mm shares) looks like tapering. Let's see how this plays out.
One thing I can see on the chart is that TSLA loves triangles!! I'm looking for a break of the most recent triangle and the break of the upper trendline along the recent RSI highs for entry. Triangle/RSI breaks appear to be preceded by tapering volume. Granted, any volume levels coming from the most recent monster volume day (12/18 = 222mm shares) looks like tapering. Let's see how this plays out.