I'm not actually getting in on this trade, there is too much uncertainty around Musk and Tesla for my liking at the moment. I have traded TSLA in the past. This is a stock I would like to see get less unpredictable. That being said, the monthly candle suggests conditions for a bull run.
تعليق:
Keep in mind the most recent candle is a monthly candle for Nov. Still lots of time left for it to move. If at any point this month it touches 306 the consolidation will continue for another month. But if it drops below about 243 the consolidation will no longer meet the criteria for this breakout. So this is not a true breakout confirmation yet, hence the question mark in the title.
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Update on TSLA. Following trend line nicely although it's only been a few weeks.
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Teal bar represents the day I made the original chart