$TSLA, potential big movement. Either Up or Down
Waiting for Earning release soon, TSLA has moved in a narrow diagonal channel.
Volatility (measure by ATR) is relatively low (if we compare to recent price action. Because stock tend to rise most of the time, ATR's value of current year tend to be higher than previous years. But if we compare to recent price action, it is low).
So as transaction Volume.
The stock still being compressed, despite of making 50% up move the last few months.
Earning release ahead, and technical resistance is also very close!
We gonna see an ATH soon, or maybe big drop!
And also, may Bitcoin follows?
Volatility (measure by ATR) is relatively low (if we compare to recent price action. Because stock tend to rise most of the time, ATR's value of current year tend to be higher than previous years. But if we compare to recent price action, it is low).
So as transaction Volume.
The stock still being compressed, despite of making 50% up move the last few months.
Earning release ahead, and technical resistance is also very close!
We gonna see an ATH soon, or maybe big drop!
And also, may Bitcoin follows?
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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.