TeslaViés de alta
Trading Tesla March 1st
After Breaking out of our Perfect Flag that signals a continuation pattern, UP, The Market Makers decided to put the boots to us early so either they know in advance that Musk will not have anything Impactful to say tomorrow or they are taking a chance that the Forum will be uneventful and started Shorting early. The last 3 hours there was miniscule trading volume. Those persons that sold will either look like geniuses or just weak hands that were taken out a day in advance but for now I held with an exit strategy to be out by 1pm tomorrow as anything that matters should have all been said by that time in the day. We'll either be rallying or dropping fast. Either way I'll preserve my profits as a rally tomorrow wont last.
**NOTE: On the 6 month LONG Daily Chart, since January 6th we've been in a very controlled tight upward channel and although there's been some wild swings, today we closed right on the bottom of that channel. If we close lower tomorrow that will break the bottom trend line and confirm the new Bear Trend Downward. Way back on Feb. 8th there was a Bearish Cross on the "ma/ema 10/10" as well as a MACD Bearish Cross on February 21st. Although we continued to be bullish the long term trend has remained intact as a SELL. THE RSI indicator as well as the CMF have both also formed Negative Divergence since near the beginning of February, again indicating confirmation that if we close down tomorrow then new trend is down so make sure you have an exit strategy and bank some profits or even take a small loss because the 2 month trend can push us all the way back to our Gap Up in January between $146 and $153.
**NOTE: On the 6 month LONG Daily Chart, since January 6th we've been in a very controlled tight upward channel and although there's been some wild swings, today we closed right on the bottom of that channel. If we close lower tomorrow that will break the bottom trend line and confirm the new Bear Trend Downward. Way back on Feb. 8th there was a Bearish Cross on the "ma/ema 10/10" as well as a MACD Bearish Cross on February 21st. Although we continued to be bullish the long term trend has remained intact as a SELL. THE RSI indicator as well as the CMF have both also formed Negative Divergence since near the beginning of February, again indicating confirmation that if we close down tomorrow then new trend is down so make sure you have an exit strategy and bank some profits or even take a small loss because the 2 month trend can push us all the way back to our Gap Up in January between $146 and $153.
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