Rising wedge
The trendlines are narrowing
No worries/just a pull back and looking for closest support level.
Always knowing any pull back can be substantial but worrying never got anybody anywhere (;O
No recommendation/Bullish in the long run on TSLA but do see some bumps in the road. It is like either you are bullish or bearish on TSLA. No one can tell you which you are. And it's not the perfume that you wear/it is often your risk tolerance.
The trendlines are narrowing
No worries/just a pull back and looking for closest support level.
Always knowing any pull back can be substantial but worrying never got anybody anywhere (;O
No recommendation/Bullish in the long run on TSLA but do see some bumps in the road. It is like either you are bullish or bearish on TSLA. No one can tell you which you are. And it's not the perfume that you wear/it is often your risk tolerance.
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I hate rising wedges and HATE is a strong word! Rising wedges sux rox!
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Kryptonite and may be best to treat is as such/just always know what you are holding in your hands/can be wonderful/can be dreadful/I think in the long run this is a winner but I know I have to hang and watch the chart/sell and buy//like every other stock (o: (o:
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10/20 Seems earnings are often when the rising wedge can have a bearish effect on price, if it has not already broken bottom trendline before earnings. This one broke up and out of the rising wedge recently. TSLA has a RW with a bottom trendline at 778ish. I hung on until yesterday which was the day before earnings, as I have seen stocks with momentum go up quite a bit inside a rising wedge and even break up and out of the RW. CRM is also traveling inside a rising wedge again as well As stated, this can be long term pattern, but in the end a rising wedge will bite you and in 5 years I have not seen a security not come back down eventually and break the bottom trendline. DECK had multiple rising narrowing wedges and I think, but not positive all are now broken as there were so many it is difficult to tell. Some just take longer than others.