Huat99
2022-10-21

$Tesla Motors(TSLA)$Tesla (TSLA) Monthly chart log-scale 

This will make Tesla chart going "smooth" (ignore lots of noise) 

Since 2010, there are 3 occasions with Top-ceiling consolidation (flat top) before the next Bull Run (Super bull in 2013 & 2020) 

- Monthly RSI never goes below 40 (except May 2019) 

- Range-bound trade for >24 months (2 damn long years!!!) 

At very best, Tesla probably repeating the same 20++ months "process" ($200+ to $380+)

But if monthly RSI hit below 40, Tesla might go into a prolong downtrend 

Of course for those really looking at a timeframe more than 5 years and have lots of cash to hold, you can ignore this chart[Heart] 

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Comments

  • LesterTan
    2022-10-21
    LesterTan
    I mentioned before, tsla is not a good investment but trading it based on price actions is ok
  • Woobenny
    2022-10-21
    Woobenny
    going to be bullish long term!
  • ChernTiong
    2022-10-21
    ChernTiong
    thanks for sharing
  • LuckyPiggie
    2022-10-21
    LuckyPiggie
    thanks for sharing
  • kokakun
    2022-10-22
    kokakun
    Great bumpy ahead
  • AiChee
    2022-10-24
    AiChee
    okay
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