Back to www.cobrasmarketview.com

   

TSLA today might be an exhaustion bar

TSLA today might be an exhaustion bar

Postby Cobra » Mon Aug 31, 2020 9:57 pm

TSLA today might be an exhaustion bar. The only problem was the volume wasn't huge enough, so maybe another up day tomorrow then we'll see.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: TSLA today might be an exhaustion bar

Postby Cobra » Tue Sep 01, 2020 2:39 pm

Still an hour and half to the close but probably it's safe to say $TSLA indeed was an exhaustion bar yesterday. If huge volume today then maybe still some further pullback, I'll follow up after the close. Overall, I only see short term pullback, the trend is clear up for now.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: TSLA today might be an exhaustion bar

Postby Cobra » Tue Sep 01, 2020 4:43 pm

Not much volume today so nothing serious yet.

I noticed another problem though, the interval between big reds got shorter and shorter, so maybe TSLA is losing the up momentum, may need take a breath.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: TSLA today might be an exhaustion bar

Postby Cobra » Thu Sep 03, 2020 5:20 pm

So TSLA is taking a breadth. Right now hard to say whether the pullback was done but generally the pullback should be bought somewhere as those have been jealous about those already onboard suddenly find themselves now also possess the chance to be rich... Why chart pattern works? Because it reflects you human fears and greedy clearly.
Attachments
tsla.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: TSLA today might be an exhaustion bar

Postby Cobra » Tue Sep 08, 2020 4:24 pm

$TSLA, the next obvious target is the weekly EMA20 which looks like some support there as the price consolidated there for awhile. Eventually all stocks on earth would touch weekly EMA20.
Attachments
3.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: TSLA today might be an exhaustion bar

Postby Cobra » Wed Sep 16, 2020 12:27 pm

$TSLA didn't reach the weekly EMA20 as I hoped but the pullback did get bought which reflects perfectly you human's trading behavior. Now let's see whether bears can make a double top here which also is you human's typical trading behavior: Selling near the previous high which is why the previous high usually is the resistance.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 12 guests