In yellow is the TSLA/NVDA spread or ratio, and here it shows the jump off the all time lows with the huge price spike post Musk vote.
With spread charts you can gain clues on future price action based on the other ticker. For the continued TSLA bull case, we get a pull back in the ratio to form the right shoulder of the IHS and then continue upwards.
In that case as long as NVDA continues to consolidate or trend up TSLA will remain bullish too (and outperform).
With spread charts you can gain clues on future price action based on the other ticker. For the continued TSLA bull case, we get a pull back in the ratio to form the right shoulder of the IHS and then continue upwards.
In that case as long as NVDA continues to consolidate or trend up TSLA will remain bullish too (and outperform).
Catatan
Catatan
Waiting for another dip lower in the ratio before TSLA can start moving. Probably happens after a move up in NVDA
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.