Base On My Analysis
$Tesla(TSLA.US$ I think the reason for today’s premarket rise was due to the psychology and the story of the candlesticks. Note that there is no news or headlines i used to determine the price, it is solely from techincal. Take a look at my chart here.
On the 6th of January, Friday, the candlestick actually dropped till $103 from $109, the 5th of January’s red doji candlestick as you can see above.
The technical story behind the long green candlestick that overtooked the red candlestick on 6th January was when Prices are opened at $103, below the previous close which was $109, the buyers came in and push the price all the way up to $113, closing above $109. You should probably know that whenver prices touches $108-$110 base on SR, it will bounce and reverse.
So trading with psychology thinking helps most of the traders understand that there is gonna be alot of buyers waiting to enter at 113 which was today’s premarket opening, due to last friday’s Price action. Hence it pushes all the way to 119
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Animals have pure souls…
singaporean 🇸🇬
my ig: gaaabrielllg
94Followers
18Following
1252Visitors
Follow
MonkeyGee : it was Katie news that Tsla is going to be $500. I think its going to $50 soon. it's the Katie curse.
72869068 : chart palm reading or crystal ball? I trust crystal ball more than palm reading