If this can hold over the ~~22.75-23.00 zone, it could make another run to 30:
* This chart looks like a massive bull flag on weekly.
* very high short interest
* NKLA/GM deal spurring additional possible interest from other manufacturers?
* MACD turning upwards
* fleeing TSLA money could be looking for other electric vehicle companies?
* This chart looks like a massive bull flag on weekly.
* very high short interest
* NKLA/GM deal spurring additional possible interest from other manufacturers?
* MACD turning upwards
* fleeing TSLA money could be looking for other electric vehicle companies?
Trade closed manually
could easily run further but I do not like how some of the tech leaders are shaping up, especially AAPL. there is a big divergence between the tech names and the rest of the market; I could see it dragging here. I will probabaly be back but going to sit out a little while and take these gains.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.