Tesla is Bullish, high quality, financially sound company and the eight indicators I analyzed suggest all those eight are Bullish, namely Trend, On-balance volume (OBV), Accumulation/distribution line, Average directional index, Aroon oscillator, Moving average convergence divergence (MACD), Relative strength index (RSI) and Stochastic oscillator.
Additionally, on the Weekly chart, I am seeing a "Double Bottom". So, I give it 9/9 score for Bullish price action.
Good to mention here, on the Daily chart I do not see any major resistance ahead. Buckle your seat belts, anything is possible.
*Disclaimer*
The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)
Additionally, on the Weekly chart, I am seeing a "Double Bottom". So, I give it 9/9 score for Bullish price action.
Good to mention here, on the Daily chart I do not see any major resistance ahead. Buckle your seat belts, anything is possible.
*Disclaimer*
The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)
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