Updated

Rally or continuation?

Tsla closed 05/25/22 @ 658.68
Continuing to offer Lower Highs and Lower Lows.
Though price action shows some signs of hesitant buying so far and it is noticeable in the forming Bear flag on the 4H.
Lets see what comes out of this formation?

Note

Currently seeing some relief here

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Maybe expecting a retest of 680 - 690
We shall see how strong the approach to these levels is

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There are no players in the field.
Stock is rising with no volume, very slow buying taking place.
Do we hold $700?

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Creating Bullish structure
If it holds it will signal a green week

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This looks more like a fishing expedition.

Trade closed: target reached

Today there was a very slow buying movement.
Yet TSLA stock rallied from the bear flag that was forming at close of day yesterday and nicely retested the 708 mark.
This movement was not rapid enough to convince buyers that it was safe to buy.
And you can tell by the hesitancy during the day as well as the close.
If buyers do not step in tomorrow morning them you might see a green to red day as the trickle down buying without volume runs the risk of being overrun by those taking profit form this relief.

JP_Tru

DO YOUR OWN RESEARCH!!!

linktr.ee/tru.capital

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JP_Tru

DO YOUR OWN RESEARCH!!!

linktr.ee/tru.capital

Also on: