To The Moon

EV counters had been quite calm since the huge rally in July. Investors are probably waiting for this wave of correction to end before opening a new position in these stocks. So, do you think the correction wave will finish soon or the stocks will continue remain at a consolidation phase for incoming weeks? Let's look at the leader Tesla! TSLA in Technical Aspects Since the downtrend line breakout towards the end of August, TSLA began its trend reversal with strong rebound over the past two weeks. TSLA daily chart We can see obvious symmetrical triangle followed by an ascending triangle pattern as highlighted in blue in the chart above. Symmetrical and Ascending Triangle - Bull or Bear sign? A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. This is also a type of consolidation. For TSLA, the stock chose to breakout upwards which was a bullish sign. On the other hand, for Ascending Triangle, it's simpler. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. In contrast to the symmetrical triangle, an ascending triangle has a definitive bullish bias before the actual breakout. Dojo - Fundamental catalyst Tesla’s Dojo supercomputer is built to process vast amounts of data and perform complex AI and machine learning computations. While the exact technical specifications and details of Dojo are not publicly disclosed, the supercomputer is expected to be capable of processing and analyzing massive amounts of sensor data collected from Tesla vehicles during real-world driving scenarios. Through Dojo, improvements to Autopilot and Full Self-Driving are expected to accelerate. DOJO In short, with all the reason above, I believe Tesla is going to continue its bullish run next week. $Tesla Motors(TSLA)$ I will share about Chinese EVs in the next article. @TigerStars @CaptainTiger @Tiger_comments @Tiger_SG @Daily_Discussion @MillionaireTiger