Tesla is within an indecision range
Would wait for a daily close above or below the range.
Trend - on daily is still Down - this is still considered a lower high. We cannot say yet this is an uptrend until we see a higher low and a revisit back above the channel.
TD daily - indecisive
TD weekly - Red 7
Moving average - unhelpful atm
Take away :
Weekly and daily trend is still down
Weekly TD could suggest 2 weeks before considering a 'bottom' buy
significant supports - $480, $550
Wait for the higher low/ higher high or a close above current range bound channel for bullish set ups.
Would wait for a daily close above or below the range.
Trend - on daily is still Down - this is still considered a lower high. We cannot say yet this is an uptrend until we see a higher low and a revisit back above the channel.
TD daily - indecisive
TD weekly - Red 7
Moving average - unhelpful atm
Take away :
Weekly and daily trend is still down
Weekly TD could suggest 2 weeks before considering a 'bottom' buy
significant supports - $480, $550
Wait for the higher low/ higher high or a close above current range bound channel for bullish set ups.