Don't want to burst anybody's bubble but .. H&S Forming
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Resuming the analysis from this chart I published on March 11th. Back then I called the current peak which worked as predicted, and we all were happy, but there are signs that started to develop that are rising concerns. There is a Peak on February 2014, a bigger one on September 2014 and a new one forming on May 2015. The developing pattern is the dreaded Head and Shoulders.
Signs that concern me the most are:
The key Levels, if 260 is not broken, then this will be a confirmed H&S
The average volume has been descending, which is not a good sign,
The cash flow is drying
The insider selling
The bullish momentum is divergent, you can see three peaks, which are lower and lower while the trend is higher.
The bullish ascending bars normally have lasted 5-6 weeks. We're on the 6th bullish bar.
Currently is at a resistance level, if this is not broken this will be very bad news for TSLA.
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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.