Sunday, May 17, 2015

$TSLA issues Ichimoku Cloud bullish signal on weekly chart

$TSLA issued an Ichimoku Cloud bullish signal on April 22 on the daily chart as it broke above the Kumo.  It is up over 10% since the signal.  The weekly chart has turned bullish too.

Weekly Chart
  • $TSLA breaks above Kumo which is bullish adding more confirmation to the April 22 bullish signal
Visit StockCharts.com to see more great charts. Daily Chart
  • Ichimoku Cloud bullish signal issued on April 22 as $TSLA broke above the Kumo
  • $TSLA is up over 10% since the signal was issued
Visit StockCharts.com to see more great charts.


Conclusion

  • All signs are bullish. Investors that missed out on the May 2 signal should be patient and wait for a pullback and scale in on the daily chart.  Alternatively, analyze and utilize a lower timeframe chart (i.e hourly chart) to scale in.

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