TSLA still on the sidelines for now

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TSLA gapped up today signaling a potential trend reversal. However, volume is weak as shown by the volume oscillator. Will wait for further price development.

Volume here is used a trade filter. It is possible that price continues to move higher as the daily chart alone does not portray the full picture.

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ملاحظة

TSLA shot up after Elon went to China. On higher timeframe the chart has burned bullish so maybe this one got away but sometimes this happens. I still think price could be capped and any correction will present more opportunities for those looking to go long.