This is a pure TA of the TESLA stock.
I'm taking a long position based on two indicators:
1 RSI Divergence: As you can see te bottoms of the Relative Strength Index are on opposite levels than the bottoms of the stock. This means there might be a switch in trend.
2 The stock bounced of the support.
Target is the yellow line; This has been a strong resistance line in the past.
I'm taking a long position based on two indicators:
1 RSI Divergence: As you can see te bottoms of the Relative Strength Index are on opposite levels than the bottoms of the stock. This means there might be a switch in trend.
2 The stock bounced of the support.
Target is the yellow line; This has been a strong resistance line in the past.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.