Tesla - SpaceX and Red rockets ?!

Hello everyone,

Tip1:
Good fundamentals usually means bad technicals and sell the news event (price drop)

Feb 4th Ive made a Tesla sell off Warning post with tips about supportive zone where to buy

Now when SpaceX and all good fundamentals are floating in the game and after for stocks insane & tasty 100% Gains !! on TSLA in just 70 Days !
I thought it would be good to take a look at technical side of the price develompet and woila in the chart is what I see and expect.

I see price to start create a rising wedge with slightly bearish divergence formation on it ( blue lines) so keep tracking how will price develop in upcoming days to be reactive
because thats whats trading is about too.

Tip2: This could be possible long closing zone (you might just moove your stop loss to supportive zones too if you think it will go higher or in case of breakout) or
Possible good short opportunity anytimesoon

Chachain

Cheers

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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

Komentarz:

Keep your eyes on this Monthly RSI as well

Komentarz:

the decreasing volume says a lot too