$Tesla Motors(TSLA)$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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