TeslaShort
Multi-Timeframe Analysis: Tesla
Hourly Chart: Bearish Channel.
Daily Chart: Bearish Channel+ Bullish Engulfing, could go up to channel upper border.
Weekly Chart: Bearish Flag + broken 1-year trend. Top at 880 will remain intact.
Monthly Chart: Failure to close above January in the last 3 months. evening star followed by Bearish Engulfing, Hanging man, and a Doji.
Change in Average Dollar Value of Trades: -16% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Educational Articles:
1- Channel:
https://www.investopedia.com/terms/p/price-channel.asp
2- Trend:
https://www.investopedia.com/terms/t/trend.asp
3- Evening Star:
https://www.investopedia.com/terms/e/eveningstar.asp
4- Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
5- Doji:
https://www.investopedia.com/terms/d/doji.asp
Daily Chart: Bearish Channel+ Bullish Engulfing, could go up to channel upper border.
Weekly Chart: Bearish Flag + broken 1-year trend. Top at 880 will remain intact.
Monthly Chart: Failure to close above January in the last 3 months. evening star followed by Bearish Engulfing, Hanging man, and a Doji.
Change in Average Dollar Value of Trades: -16% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Educational Articles:
1- Channel:
https://www.investopedia.com/terms/p/price-channel.asp
2- Trend:
https://www.investopedia.com/terms/t/trend.asp
3- Evening Star:
https://www.investopedia.com/terms/e/eveningstar.asp
4- Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
5- Doji:
https://www.investopedia.com/terms/d/doji.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.