The $Tesla Motors(TSLA)$ is Bottom Forming?

TechnicalHunter
04-10

Magnificent Seven Stocks Performance:

Company Name

2024 YTD Performance

$Alphabet(GOOGL)$

+12.21%

$Amazon.com(AMZN)$

+22.2%

$Apple(AAPL)$

-11.87%

$Meta Platforms, Inc.(META)$

+46.3%

$Microsoft(MSFT)$

+13.36%

$NVIDIA Corp(NVDA)$

+72.36%

$Tesla Motors(TSLA)$

-28.82%


It looks like the trends of $Apple(AAPL)$ , $Tesla Motors(TSLA)$, and other individual stocks are opposite.

Especially Tesla has been maintaining an upward trend in the recent trading days

In the news part, $Tesla Motors(TSLA)$ plans robotaxi launch in August, latest move in autonomous driving market.

From the technical part, Seems the $Tesla Motors(TSLA)$ is bottom forming?

Starting to show signs of a short term bottom in recent weeks the RSI & MACD give off bullish divergences as it printed higher lows!

Emotions were being pulled in every direction on that news that turned out to be fake all while price formed a double bottom.

Let's see how the market holds up

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Comments

  • YaleBrewster
    04-10
    YaleBrewster
    And $Tesla$ still got potential to bounce back, nice one!
  • Bodoh
    04-10
    Bodoh
    Are these chartists’ wishful-thinking?
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