TSLA appears ready for a dead cat bounce. After breaking out from a symmetrical triangle, it fell hard but has since found some kind of support.
The RSI is oversold and showing small bullish divergences. The MACD also exhibits bullish divergences and is attempting to make a cross on the lines.
Yesterday, TSLA formed a bullish candlestick hammer.
Additionally, it is forming a falling wedge, a fairly bullish pattern. If the price truly found support and breaks through the upper falling trend line, it would confirm the hammer reversal pattern, validate the breakout of the falling wedge, and confirm bullish divergences on both the RSI and MACD.
However, all of these indicators could merely signify a dead cat bounce. The highest move in my assessment would be until the 200-day MA, also known as the BigRed area.
The RSI is oversold and showing small bullish divergences. The MACD also exhibits bullish divergences and is attempting to make a cross on the lines.
Yesterday, TSLA formed a bullish candlestick hammer.
Additionally, it is forming a falling wedge, a fairly bullish pattern. If the price truly found support and breaks through the upper falling trend line, it would confirm the hammer reversal pattern, validate the breakout of the falling wedge, and confirm bullish divergences on both the RSI and MACD.
However, all of these indicators could merely signify a dead cat bounce. The highest move in my assessment would be until the 200-day MA, also known as the BigRed area.
Consistency is the key of success....
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Consistency is the key of success....
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.