Hey folks,
Just a quick analysis of
TSLA on the daily chart. Compared to my last analysis, price has fallen a bit since, as a new flag (handle) continues to form following a cup pattern.
- Cup and Handle pattern forming. The handle would also count as a bull flag. This is known as
a cup and handle reversal pattern, after a downtrend. So yes, it is possible for a stock to
reverse its trend through the formation of a cup and handle reversal pattern (as you can see
in the chart).
- Major resistance at $366 which marks the peak of the flag (handle) pattern. This would have
to be broken in order for the cup and handle to be valid.
- Volume has also been decreasing during the formation of this pattern: this is typical amongst
Cup and Handle patterns, and generally a positive sign.
Note: Not financial advice.
Just a quick analysis of
TSLA on the daily chart. Compared to my last analysis, price has fallen a bit since, as a new flag (handle) continues to form following a cup pattern.- Cup and Handle pattern forming. The handle would also count as a bull flag. This is known as
a cup and handle reversal pattern, after a downtrend. So yes, it is possible for a stock to
reverse its trend through the formation of a cup and handle reversal pattern (as you can see
in the chart).
- Major resistance at $366 which marks the peak of the flag (handle) pattern. This would have
to be broken in order for the cup and handle to be valid.
- Volume has also been decreasing during the formation of this pattern: this is typical amongst
Cup and Handle patterns, and generally a positive sign.
Note: Not financial advice.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.