From a technical perspective, Tesla has room to run. On the daily chart, we see a clear bullflag pattern is emerging.
The stochastic RSI is ticking up above 20, volatility is below 50, and the bullish cloud continues to expand indicating a continued uptrend and strong support.
The 1 and 4 hour timeframes are overbought. However, there are divergences forming on the 5m and 15m and if the divergences continue over, the overbought 1 and 4 hr will diverge, further reinforcing the case for a break above the flag.
The stochastic RSI is ticking up above 20, volatility is below 50, and the bullish cloud continues to expand indicating a continued uptrend and strong support.
The 1 and 4 hour timeframes are overbought. However, there are divergences forming on the 5m and 15m and if the divergences continue over, the overbought 1 and 4 hr will diverge, further reinforcing the case for a break above the flag.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy