🚘 Tesla Cup & Handle Plus Other Signals

٢ يناير ٢٠٢٣

This market won't open for another day+ but Tesla (TSLA) ended last year on a positive/bullish note.

Will there be follow up when the market opens?

Guessing is of no use... We can only read the chart.

The chart is showing a classic Cup & Handle pattern.
There are also other short-term bullish signals:

• The 28-Dec. Doji (reversal signal).
  
• Increase in green volume.
  
• Trading above EMA10/21.
  
• Bullish RSI.
  

We also have multiple gaps on the way down...

Normally when you have strong and fast declines the reaction when a support level is found, is a strong and fast rebound.

We will see how it goes.

Namaste.