As we have been selling off very heavingly in recent days, Monday auction tells me that bears got too short. When sentiment shifts dramatically, big reversal happens and the same thing is for Tesla.
Inability to close the gap is good sign that market participants want to trade in upper stock price range. In addition to gap play, there is potential Daily positive divergence forming which may set a tone for the rest of the month.
Inability to close the gap is good sign that market participants want to trade in upper stock price range. In addition to gap play, there is potential Daily positive divergence forming which may set a tone for the rest of the month.
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We managed to bounce 70$ of this point, and now let's market decide whether it wants to feel the gap first. If so, it would be decent spot to buy the dip.