Tesla trying to overcome overhead supply and change trend

Tesla trying to overcome overhead supply and change trend

13

April 2021

By

Alex Cole

Tesla has seen momentum to the downside subside during the end of the NoGo move it had been in.

As the GoNoGo Oscillator rode the Oscillator during much of the consolidation it suggested a lack of momentum in the direction of the trend.  Now, the GoNoGo Oscillator has broken above zero into positive territory indicating bullish momentum.  The GoNoGo Trend has been unable to maintain the NoGo colors of purple and pink and has painted several Go Fish neutral amber bars. If this continues, expect a new Go trend to be identified and for Tesla price to attack prior highs.