NASDAQ:TSLA has been in consolidation between $170~$175. Last Friday it managed to closed at $177 giving a signal that price is now in breakout. Macd at 0 signal to upside with RSI and William% pointing rising bullish divergence. The first target is $193 .
Price has been consolidating between $615~$620 range. Last week price has been managed to close above $620. It showing bullish divergence on RSI and as well as William% range. $640 should be possible near term target as price will be moving though volume gap.
When I do TA I don't like putting too many indicators. Indicators are probability and nothing else. Too many indicators = too much noise. Anyways we are getting straight in details. The recent trendline on daily from bigger picture is held as support on broad market selloff. Also if you see the MACD on daily it just turned to the upside so putting an additional...
This is my first thesis based on TA. The trendline held support on daily and MACD is starting to curl to the upside. On the first earnings this stock has made quite the move to upside ranging from $75 to $164. I am targeting $117 as long as earnings are in favor. On the other hand, when the stock made 52 week high market has anticipated that the corporate will...
