TSLA Weekly Longterm Pre-Earnings

2023年7月18日

TSLA on the weekly chart appears to be in a widening and ascending channel somewhat

suggestive of a megaphone. At the same time it is below heavy resistance at 360 which is

the same level as two standard deviations above the mean VWAP line anchored back to

November 2021. The resistance zone is the highs of November 2021 and late March / early

April 2022. The double RSI indicator shows RS rising on the higher monthly time frame slowly

and steadily while the RS on the lower daily time frame has peaked at 88 and fallen below 80

consistent with bearish divergence. The zero-lag MACD indicator shows the lines perhaps

impending a cross at an amplitude well extended above the histogram. Price is high in

that widening ascending channel.

Overall, I conclude that TSLA is a hold right now as it could be impending a significant reversal

in the weeks ahead. A hold would mean not to sell existing positions nor take new positions

for the time being unless one is an intraday or short time frame swing trader or stocks

or options. With an earnings report impending, TSLA volatility is likely to jump in one direction

or the other.

2023年7月28日

交易進行

An inside bar shows consolidation is the phase of the week.