TSLA Daily Chart - Price moving between 50 and 100 daily moving averages
$Tesla Motors(TSLA)$ Price moving between 50 and 100 daily moving averages, similar to November 2023.
Back then price action filled a gap down, today it filled a recent gap up.
50DMA is close to another S/R level, that confluence better holds and create a bounce above 100 DMA and other levels shared in the Weekly Compass.
Also similar to last time, there is a bullish 20 & 50DMA bullish crossover, adding bullishness to the chart.
Price action has to demonstrate a change in the trend.
Image
https://x.com/SmartReversals/status/1795071667590308017
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Good job