TSLA enjoyed an amazing 200 point run from 180 to 380 but may have gotten ahead of itself a little with its breakout out of its long term blue channel.
At first it seemed like a classic pennant was forming as its new red line channel emerged but it has an inner trend line (shown in green) that is maintaining steady downward pressure on the stock. TSLA is now contained in a forty point range and that could easily become smaller over the next few weeks.
Trade well my friends
Alan
click on image to enlarge
At first it seemed like a classic pennant was forming as its new red line channel emerged but it has an inner trend line (shown in green) that is maintaining steady downward pressure on the stock. TSLA is now contained in a forty point range and that could easily become smaller over the next few weeks.
Trade well my friends
Alan
