TSLA gapped up today signaling a potential trend reversal. However, volume is weak as shown by the volume oscillator. Will wait for further price development. Volume here is used a trade filter. It is possible that price continues to move higher as the daily chart alone does not portray the full picture.
Note
TSLA shot up after Elon went to China. On higher timeframe the chart has burned bullish so maybe this one got away but sometimes this happens. I still think price could be capped and any correction will present more opportunities for those looking to go long.
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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.