AwesomeAvani

TSLA Early BULL Signal on RSI / MACD

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NASDAQ:TSLA   Tesla
TSLA

On the 1H timeframe chart, TSLA is showing an early reversal as follows:

(1) It is ascending in a downtrend parallel channel

(2) On the MACD, the signal line is below the histogram, and
the K & D lines are converging on this lagging indicator.
The histogram bars are decreasing in negative height.

(3) the color-coded RSI candle indicator shows bullish engulfing
strength candles.


All in all, I see technical signs of a reversal as described here
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