$TSLA I’d like to see the stock open up the month with a gap up that runs away towards the gap fill.
Otherwise, with how the July monthly candle looks, I could see a wick below July low and then reversal. Historically, TSLA sees huge months following this large of a down month. So the shakeout would likely come early in August if it does happen before reversing higher.
I think if we can repair the quarterly candle in August and not let the quarterly MACD turn bearish we got a good shot at ATH in 4Q.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
