This is a pure TA of the TESLA stock.
I'm taking a long position based on two indicators:
1 RSI Divergence: As you can see te bottoms of the Relative Strength Index are on opposite levels than the bottoms of the stock. This means there might be a switch in trend.
2 The stock bounced of the support.
Target is the yellow line; This has been a strong resistance line in the past.
I'm taking a long position based on two indicators:
1 RSI Divergence: As you can see te bottoms of the Relative Strength Index are on opposite levels than the bottoms of the stock. This means there might be a switch in trend.
2 The stock bounced of the support.
Target is the yellow line; This has been a strong resistance line in the past.