Interesting chart set up - Tesla
Bearish
- broke 160 support level, a level that it bounced off 2-3 times recently
- macd just confirmed a bearish cross
Bullish
- bullish dragonfly doji candle - for confirmation, to watch if today’s closing price is higher than yesterday’s. The stronger / higher it closed today, the more reliable the reversal is
- potential bullish RSI divergence
- fell out of bottom Bollinger band - waiting for a bounce
- Gap down waiting to be filled
Summary: 2 confirmed bearish signals, and 2 potential bullish signals and 2 imminent signs of bouncing
A small bounce or sideways movement before the earnings day on 23 April?
- broke 160 support level, a level that it bounced off 2-3 times recently
- macd just confirmed a bearish cross
Bullish
- bullish dragonfly doji candle - for confirmation, to watch if today’s closing price is higher than yesterday’s. The stronger / higher it closed today, the more reliable the reversal is
- potential bullish RSI divergence
- fell out of bottom Bollinger band - waiting for a bounce
- Gap down waiting to be filled
Summary: 2 confirmed bearish signals, and 2 potential bullish signals and 2 imminent signs of bouncing
A small bounce or sideways movement before the earnings day on 23 April?
PS: Earnings on 23 April could crush any bullish / bearish thesis. Expect wild / huge movement.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Successful investing is about managing risk, not avoiding it. DYODD
Support my YouTube channel: Jay el
5337Followers
44Following
25KVisitors
Follow
Earning Lunch Money : chances we seeing 163 tdy