Telsa is currently in an upward trend based on our "linear regression" indicator. We have just recently tested our middle deviation level at $850 and making a move higher. The white line on our bottom dashboard representing "money momentum" is starting to head back up making higher lows. Historically in the past when we have our money momentum down in this green "buying section" or "accumulation stage" this suggested a good opportunity to enter a long position. The green and red dots on our dashboard represent key EMA crossovers. Once we get a "green dot" in conjunction with our white "money movement" line heading in an upward direction, we could then see the price of Tesla stock increase in value possibly retesting the $917 level.
Please trade responsibly and follow ð for more technical analysis each week!
Please trade responsibly and follow ð for more technical analysis each week!