Tesla - What's Next?

12 нояб.

Tesla's had a good Run but all good things must come to an end. This is my quick analysis and though I don't expect a fast and sudden drop I do expect a more significant pullback. In fact it would not surprise me if in the short run Tesla even see's a couple of downgrades. Notice the candles and the heavy black line 7 day EMA; the stock generally trends somewhat close above and below this line and anytime the candles extend well beyond it they get pulled back almost as in keeping with Bollinger Bands. BTW I often use the 7 day EMA coupled with the 10 day SMA (heavy green line) as my triggers to buy and sell. This can work well on multiple time frames particularly when a stock begins trending and reviewing it on a 3 minute time frame with a Hard Cross of the 7 day above or below the 10 and you have a Winning Day Trade Signal. (This will also work for BTC.)