Tesla, Inc.

SPCX vs TSLA: Part 2

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SPCX Technical Setup
Strong momentum reversal: The chart setup has improved significantly after finding support near $105.
TTM Squeeze: Turned green, shows active increase in buying momentum.
RSI indicator: Leading the recovery, crossing above 50 and holding higher for multiple sessions.
Moving averages: Price reclaimed short term trend lines with a clear bullish crossover.

TSLA Technical Setup
Catching up: TSLA set its floor first after the post earnings selloff and is steadily building higher lows.
RSI indicator: Strengthening quickly as it crosses back above the key 50 level.
TTM Squeeze: Histogram turned blue, which gives a green light that negative pressure is fading.
Moving averages: Trading above short term support lines, with a full bullish crossover remaining the next milestone.

The Takeaway
SPCX showed a sharper short term bounce, but TSLA continues to look like the better risk to reward play. Entering around the August 10 consolidation zone near $329. TSLA sits right underneath an unfilled earnings gap with proven fundamental support, making it the preferred core hold. OPINION.

TGtg!

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