#TSLA ..... Which way from here?
TSLA
So I have been watching #TSLA one all day... I prefer 1 day chart for final analysis but I look at shorter time frames to confirm what I think. RSI (not on the chart) is almost 69 so it is a little high. Chart looks healthy over long term though. Decline today looks minor on the chart and if we keep to the regression trend we are still going up over time. MACD staying above zero but crossing over signal back and forth. Ended the day with a bullish signal. Stochastic oscillator got very high today but K line settled just below 80. If D line comes down and crossed below K line under 80 that might be a bullish indicator so long as the MACD is above the signal line. If neither happen and price falls below 775 or so, might drop a bunch more. Not sure where the support is at that point but cant be too far down, It is TSLA after all, lol. The flip side is if enough people short this one and we get some bullish action we might see a short squeeze and watch it climb over 900. Let's see what happens tomorrow.
Feel free to comment your thoughts. I am still learning and might be wrong about everything I said, lol
So I have been watching #TSLA one all day... I prefer 1 day chart for final analysis but I look at shorter time frames to confirm what I think. RSI (not on the chart) is almost 69 so it is a little high. Chart looks healthy over long term though. Decline today looks minor on the chart and if we keep to the regression trend we are still going up over time. MACD staying above zero but crossing over signal back and forth. Ended the day with a bullish signal. Stochastic oscillator got very high today but K line settled just below 80. If D line comes down and crossed below K line under 80 that might be a bullish indicator so long as the MACD is above the signal line. If neither happen and price falls below 775 or so, might drop a bunch more. Not sure where the support is at that point but cant be too far down, It is TSLA after all, lol. The flip side is if enough people short this one and we get some bullish action we might see a short squeeze and watch it climb over 900. Let's see what happens tomorrow.
Feel free to comment your thoughts. I am still learning and might be wrong about everything I said, lol
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