HAMMER (Bullish Pattern) Formation

15 Mar

Weekly Chart- It looks like a "HAMMER" (Bullish Formation) has formed in the last week. This Hammer has "sat" on a good support area and its "Head" is above the 200MA. A strong bounce is possible during the next 3 weeks. The yellow arrows show the behavior of Tesla stocks every time a "Hammer" has formed.

17 Mar

İşlem aktif

Pay attention to last week's low ($217). If this is broken to the downside, the bullish pattern is no longer confirmed. To be confirmed, this week must not make a new low and must make a new high compared to last week. In the 3-minute chart, there is a "GAP UP" at $230 that could be closed.

18 Mar

Not

The graphic situation is getting worse. Evidently the boycott by those who fear DOGE controls is stronger than the technical analysis. If this week Tesla makes a minimum below $217 and does not make a maximum higher than last week, the identified Pattern will NOT be confirmed anymore.

21 Mar

Not

The second week, and second "Hammer" candlestick. This is very rare. If Tesla shares break above $254 next week, this will be a confirmation of the bullish trend reversal with a probable short-term target between $280 and $320.

25 Mar

İşlem kapandı: hedefe ulaştı

Target Reached Above 280$. It could extend the rally to 320$,but it's a bit risky.