TSLATSLA so far throughout the day has been moving in a range with bearish sentiment. My only explanation for this is that there has been a lot of sector rotation going on this week so far from tech to other sectors such as energy, industrials, and financials, . Just take a look at
DIA, XLF, XLE, and $XLI. In addition to this rotation, a diamond top pattern was formed earlier in the day on the 30 min chart which was met with a rapid and strong selling pressure. This is to be expected considering a diamond top pattern is a bearish signal. However, a double bottom Pattern formed and we can potentially see an inverse head and shoulders pattern form by tomorrow. I will personally be going long if I see TSLA confirm this pattern and break out over the 1413 level
Sentiment: Neutral to Bullish
Reasons:
1. Temporary Sector Rotation
2. Double Bottom Formation
3. Potential Inverse Head and Shoulders Pattern
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.