SUMMARY
Here is the weekly MACD of Tesla (TSLA). Is this the best time to be buying or aggressively selling out of feat that the bottom will fall out? The 12 week (white) moving average line is curling upwards and is likely to soon cross the 26 week moving average line (red). This would give an attractive buy confirmation!
So, combined with the price pattern which is a channel; the MACD is showing that the there is a price turnup approaching. Perhaps the price needs to touch the lower bottom trendline first. This is why laddering in one's entry to me is the most ideal buying process!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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