TSLA
1D Time Frame
1-2 weeks time horizon
TSLA have been bullish for the past few months and I think it has some more juice to go up.
Price action is currently forming a bull flag pattern and the flag is forming a symmetrical triangle which means that price could go both ways. I have a bullish sentiment with TSLA because price action for the past week or two seems to respect the EMAs and the flag seems to respect the 8ema specifically, a good bullish sign. MACD lines are currently kissing but overall trend is up coinciding with price action. Stochastics is pointing down but is currently at the oversold level, bullish sign.
When you go to the weekly and monthly charts, both MACDs are pointing up with bullish sentiment, and price actions are all moving above the 8ema level.
The only wild card I think is the ER on the 27Jan21. Be careful with IV crush after ER.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
1D Time Frame
1-2 weeks time horizon
TSLA have been bullish for the past few months and I think it has some more juice to go up.
Price action is currently forming a bull flag pattern and the flag is forming a symmetrical triangle which means that price could go both ways. I have a bullish sentiment with TSLA because price action for the past week or two seems to respect the EMAs and the flag seems to respect the 8ema specifically, a good bullish sign. MACD lines are currently kissing but overall trend is up coinciding with price action. Stochastics is pointing down but is currently at the oversold level, bullish sign.
When you go to the weekly and monthly charts, both MACDs are pointing up with bullish sentiment, and price actions are all moving above the 8ema level.
The only wild card I think is the ER on the 27Jan21. Be careful with IV crush after ER.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
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