TA showed Double Bottom Pattern on Tesla Chart Bullish signal share price uptrending
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ Despite what the skeptics (or haters) said, the Tesla Stock TA Chart revealed a bullish Double Bottom. See screenshots. The forecast showed the stock with a 81.89% probability of being bullish with resistance price 189.9 USD.
My Take: The bullish indicator is consistent with Morgan Stanley's recent note about Tesla - Buy rating and target price of $310. Read here: Morgan Stanley gives Tesla stock Buy Rating & TP $310 weighs on TMP4
According to Investopedia, a double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. As with many chart patterns, a double bottom pattern is best suited for analyzing the intermediate-to longer-term view of a market.
You can view the pattern by going to Setting (click bottom right symbol)>Chart>Chart Marking and switch on Candlestick patterns. The pattern should appear on the stock chart.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Junafu : how did you manage to get this signal?
ZnWCOP Junafu: I have written in my post:
You can view the pattern by going to Setting (click bottom right symbol)>Chart>Chart Marking and switch on Candlestick patterns. The pattern should appear on the stock chart.
Cui Nyonya Kueh ZnWCOP: I feedback this to moomoo before. I tried your method only worked for $NIO Inc (NIO.US)$ back then . customer service told me only applies to certain stocks so I'm not sure how it works.
hope @Moomoo Buddy @Team moomoo can look into it.
Moomoo Lily Cui Nyonya Kueh: Hi, @Moomoo Buddy Please assist. Thanks!
leekc5223 : Any chance of getting to 200?
Moomoo Buddy Cui Nyonya Kueh: Dear valued customer, we are checking with relevant colleague now, and we will follow up the case here once we get reply and updates. Thanks for your support. Have a nice day!
Moomoo Buddy Cui Nyonya Kueh: Dear valued customer, after checked with relevant colleague, all the stocks should have this function, kindly double confirm if you have on the "Candlestick Pattern", you can set it from: me-settings-charts-chart markings-Candlestick Pattern. If you still can not see it, kindly contact our customer service Online inquiry and provide screenshot about it, we will still checking for you. Thanks for your support. Have a nice day!
Cui Nyonya Kueh Moomoo Buddy: I have already enabled the Candlestick Pattern. What I'm saying is, your call centre staff told me in order to see all these patterns generated, it's not applicable to all stocks.
Moomoo Buddy Cui Nyonya Kueh: Dear valued customer, after double confired, this feature does not applicable to all the stocks, only part of them. Sorry for the inconvenience may caused. Thanks for your support. Have a nice day!
Cui Nyonya Kueh Moomoo Buddy: Ya I said already right from the start
Have a nice day too.
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