TSLA Early BULL Signal on RSI / MACD

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