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If macro is good tomorrow, and I suspect Trump-mania runs tomorrow still, and we end up 1-2% one could say this looks like a "V". Maybe we just retake 270 in short order.
It certainly looks like it! That said, the market always seems to love screwing with investors' heads, so I wouldn't be surprised if we pull back into the range and get people thinking "false breakout" only to rally again from there. Seems that will depend on the market as a whole and news on M3 production ramp during the upcoming earnings call. Here's the daily (extended hours). Support still holding on the 5day SMA:We have a breakout from a several year consolidation period.
So, any technical-analysis guys have any thoughts on what we just saw (gap up on Monday morning, flat trading all day)? It means nothing to me...
Otherwise it's just up and to the right on heavy volume. The interesting reads will be if and when we get toppy, but I just don't see it at all.
Anyone else surprised by the way TSLA has been trading since end of November. Clear TA moves, almost text-book, and very little chop.