TESLA ---- as mentioned COMING BACK TO 50 MA. (I wrote - chart - on this back on January 29).
That when there will be a pull back (if occured) it will come back to be closer to the 50MA. Basically we are right there now, pretty close now.
All stocks have to retrace a bit... this is normal.
Is it done in the falling of its price hard to say... but it is coming into the 50MA so you should take note of this.
News and quarter reports ( positive or negative) help the push up or down according to resistances or in this case the support levels... as such. (50MA)
Thanks
Have a great weekend.
KEY: 50-day moving average
Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short.
___________________________________
Disclaimer:
These are just opinions and current thoughts, which may change. Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts of patterns seen in the markets. Thank you.
That when there will be a pull back (if occured) it will come back to be closer to the 50MA. Basically we are right there now, pretty close now.
All stocks have to retrace a bit... this is normal.
Is it done in the falling of its price hard to say... but it is coming into the 50MA so you should take note of this.
News and quarter reports ( positive or negative) help the push up or down according to resistances or in this case the support levels... as such. (50MA)
Thanks
Have a great weekend.
KEY: 50-day moving average
Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short.
___________________________________
Disclaimer:
These are just opinions and current thoughts, which may change. Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts of patterns seen in the markets. Thank you.