SWRLS

TSLA Holding Bottom Range of Channel

Long
SWRLS Updated   
NASDAQ:TSLA   Tesla
TSLA looking like a good risk/reward spot here. Holding the bottom of this descending channel. RSI is oversold on the daily, and MACD looks like it wants to flip bullish. TSLA has been beaten down relentlessly since the start of the new year. Good spot for the tide to turn.
Comment:
Good start. Need some follow through though. A bullish engulfing candle to end the day would be awesome.
Comment:
Inside day candle so far. Was down -1% at one point. Would love to see it finish green.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.