Well, I dunno where anyone elses triangles are drawn, but my daily says a close above 442 today signals a breakout. Looks like someone doesn't want that to happen... Gonna be close.
There she goes. Two more trading days for a confirmation?
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Well, I dunno where anyone elses triangles are drawn, but my daily says a close above 442 today signals a breakout. Looks like someone doesn't want that to happen... Gonna be close.
Funny how the triangle closes around earnings day
Man that 448- 450 wall is strong. Many are predicting that it'll take a good ER to break it, but once broken then 523ish the stock goes.
what are the issues with TE using the open/close (what I usually use) vs the max/min (which it looks like the yellow lines used). Does it make a difference in usefulness?
While today was a good day to be a TSLA owner, I wouldn't call this a breakout. Not enough volume and not a big enough move. Hopefully it will prove to be the start of a breakout but it could prove to simply be a failure of the chart pattern we all saw. A dud.Technical analysis have been predicting a day like today for the past 2 weeks while the main thread calls this trash. It's really a clairvoyant. Hell the video I watched yesterday was titled "Kaboom" for the price action of Tesla going forward, going to test new highs.
Today was a fantastic day under terrible macro. Tesla could have easily followed macro(which was baked into the technical analysis as a possibility) but didn't with increase volume after breaking that 450 wall. These are all just signals giving trading algro or technical followers to buy in on the bullish trend. Just for context, I only follow this stuff to see the trend, bullish or bearish. Technical analysis looks at bear and bull signals daily, and for the past 2 weeks the signal has been leaning bullish to definitely bullish come this week.While today was a good day to be a TSLA owner, I wouldn't call this a breakout. Not enough volume and not a big enough move. Hopefully it will prove to be the start of a breakout but it could prove to simply be a failure of the chart pattern we all saw. A dud.
This guy does good work.
I wonder what Carl Renz thinks? I would trust his technical analysis more than anyone else, period.
i think the guy in that video was carl renz
curt, however, should be chiming in soon to straighten us out
I wonder what Carl Renz thinks? I would trust his technical analysis more than anyone else, period.