TSLA and SMH Show Strong Bullish Trends
$Tesla Motors(TSLA)$ - About to Breakout?
Price action is moving in a narrow zone again, currently above the 50DMA and under the Bollinger band.
Fundamentals are something to watch carefully for Tesla, new products and cost management in a challenging competitive landscape is something to watch in addition to the technical chart.
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$VanEck Semiconductor ETF(SMH)$ - Daily Chart:
The S/R level shared during the weekend was $222.
Bullish above it, as the recent breakout validates.
The candle shows indecision below 20DMA, which is the next hurdle.
But the Stochastic says there is room to continue moving up.
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https://x.com/SmartReversals/status/1834367060325138690
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- LEESIMON·09-16🩷GoodLikeReport