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TSLA could be distribution pattern on the weekly chart

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Cobra
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Joined: Sat Feb 12, 2011 10:29 pm

TSLA could be distribution pattern on the weekly chart

Post by Cobra »

Doji plus volume surge usually means distribution (doji plus decrease volume means consolidation, not the same thing). I know it works very well on the daily chart. Never observed this on the weekly chart so let's see.

If indeed a pullback it'd be bought eventually anyway though.
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