Could Telsta finally be carving a bottom?

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-26 week horizontal range
-Declining volume

-Unsure at this stage but watching for reversal or continuation of trend

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تم فتح الصفقة

It would appear we could have a break away gap however volume at this stage is not supporting this interpretation. None the less I have taken a short at 3.34 for 50 basis point risk. Planning an additional 50 if price does not run away.

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ملاحظة

A minor head & shoulders interpretation with a retest of the neckline within the confines of the larger pattern could support the short side bias but that could be somewhat arbitrary

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ملاحظة

Additional 50 basis points for 100 basis point risk

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ملاحظة

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ملاحظة

Schabacker goes on to say, "Break-outs which are obviously the result of only a normal ex-dividend correction should, of course, be disregarded, and the subsequent price action watched to determine the true technical trend"

For sake of disclosure

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ملاحظة

Stopped out of initial tranche, Risk down to 50 basis points

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أغلقت الصفقة: تم الوصول لوقف الخسارة