TSLA: Amazing? Yes! Surprising? Nope.
Hello traders and investors! Let’s see how Tesla is doing today, after the split! Today’s candlestick is quite amazing, but not surprising.
First, let’s see the hourly chart. As we discussed in my previous analysis (link below), Tesla just did a pullback to the 21 ema on Friday, and this wasn’t enough to change the trend. The trend is still bullish, and it has been so for the last few months.
And today’s movement was very good because it cancelled the bearish pattern we saw in the daily chart:
The previous candlestick could be a Dark Cloud Cover pattern if triggered, but it wasn’t. Also, we discussed that this pattern was formed only due to the pullback to the 21 ema in the hourly chart.
Right now, the most important points for Tesla are: The $ 463.60, in the hourly chart, which was the previous resistance in the hourly chart, and will serve as support in the future, according to the polarity inversion, and the 21 ema, at any time frame.
If you are in Tesla, there’s absolutely no reason to sell your positions. You could sell them if the price closes under $ 463.60, but since the trend is so bullish, pullbacks shouldn’t be scary.
If you want to buy it, I’ll repeat: Pullbacks are opportunities to buy. Buy when TSLA is close to the 21 ema.
And if you liked this analysis, please, support it! And I invite you to follow me for daily analyses!
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
First, let’s see the hourly chart. As we discussed in my previous analysis (link below), Tesla just did a pullback to the 21 ema on Friday, and this wasn’t enough to change the trend. The trend is still bullish, and it has been so for the last few months.
And today’s movement was very good because it cancelled the bearish pattern we saw in the daily chart:
The previous candlestick could be a Dark Cloud Cover pattern if triggered, but it wasn’t. Also, we discussed that this pattern was formed only due to the pullback to the 21 ema in the hourly chart.
Right now, the most important points for Tesla are: The $ 463.60, in the hourly chart, which was the previous resistance in the hourly chart, and will serve as support in the future, according to the polarity inversion, and the 21 ema, at any time frame.
If you are in Tesla, there’s absolutely no reason to sell your positions. You could sell them if the price closes under $ 463.60, but since the trend is so bullish, pullbacks shouldn’t be scary.
If you want to buy it, I’ll repeat: Pullbacks are opportunities to buy. Buy when TSLA is close to the 21 ema.
And if you liked this analysis, please, support it! And I invite you to follow me for daily analyses!
Recent public trades (links below):
XP: +30%
AAPL: +10%
LB: +45%
UKOIL: +62%
Congratulations to all of you, my dear subs, who believed in my trading methodology, and challenged the world by being a bull! We deserve to celebrate!
BECOME A MEMBER!
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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