Taking a look at the weekly chart, a golden cross is about to form on the stochastic RSI indicator, potentially setting Tesla Stock for a massive rally in coming months to take us to all time highs
We know September is historically a slow month for the stock market where the indexes are either flat or down. So will watch price action during the next month
But, every 3 Day & 1 Week Stochastic RSI Golden Cross has led to a consistent trend of higher highs and higher lows in all of 2023
Worst case, buy the dip in September... and if history repeats, October - December we will enter rally mode
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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.