Now this, kids, is what a *real* parabolic advance looks like. But in the words of Merrill Lynch's legendary Bob Farrell, "Parabolic advances usually go further than you think, but they do not correct by going sideways". #ForTheArchives pic.twitter.com/QIfH9lFzMd — Walter Deemer (@WalterDeemer) February 4, 2020 Today’s Chart of the Day was shared on Twitter […]
Chart of the Day – Friday, October 4th, 2019
Today’s Chart of the Day was shared on Twitter by Chad Shoop (@ChadShoopGuru). It’s a daily candlestick chart of the highly contested electric automaker, Tesla ($TSLA). Chad points out that the stock has coiled into a narrow range. This pattern of higher lows and lower highs represents a growing frustration between buyers and sellers. Eventually, […]
Chart of the Day – Thursday, July 18th, 2019
Today’s Chart of the Day was shared on Twitter by Scott Elliott (@Scelliott81). It’s a weekly candlestick chart of Tesla ($TSLA) testing a key level around $250. As you can see this level acted as support several times in the past before breaking down in April. After breaking the $250 level, the stock fell to a […]
Tesla Breaking Down
Tesla ($TSLA) has been getting even more attention than usual lately. Shares are down nearly 30% YTD and this week, price broke a key support level. There are a lot of strong opinions about Tesla out there, but most technicians agree that it would be best to avoid the stock at this point and some even […]