TSLA - Where and why we can enter a confident long-term position
Aside from Elon taking a stronger control position of the operations of the company (upping his equity stake from 10% to 20%), I also like the technicals of this chart for a near-term entry.
We just bounced off of our handy dandy blue tapered HTF selling channel and are looking for some of our buying algorithms to take hold. We are also forming a nice inverse head and shoulders to further indicate this reversal.
As always, I will keep you posted with analysis as price continues to move
Happy Trading :)
We just bounced off of our handy dandy blue tapered HTF selling channel and are looking for some of our buying algorithms to take hold. We are also forming a nice inverse head and shoulders to further indicate this reversal.
As always, I will keep you posted with analysis as price continues to move
Happy Trading :)
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