J.Livermore

Island reversal spotted on TSLA

NASDAQ:TSLA   TESLA MTRS INC
184 4 2
From bullish to neutral by a pattern.

Price trapped between 1 gap up and 1 gap down like this is called an ISLAND REVERSAL. However that pattern is one of the most underperforming pattern (see : http://thepatternsite.com/islandrev.html ) so don't draw conclusion too fast. Stock can still be very bullish .

I'd carefully wait to fall below the daily EMA(65) before calling a bearish momentum on that stock . Time will tell, in a couple of days or weeks. Keep that in your radar.
Nice not usual pattern
+1 Reply
djflowmaster
2 years ago
Nice chart. Got a lil bear flag in it too w/ a tgt. of 240.........NFLX has same also.
Reply
Update1: We're entering into the Bear Zone.

snapshot
Reply
That was an efficient candle pattern.
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