TSLA, 60m - Ominous candle - buyers beware

4 févr. 2020

See divergence between price action and stochastic %K (marked with yellow lines). Watch for RSI to break its uptrend.
60m charts take time to play out, but this candle is a warning to buyers and hints at a reversal.
Mainly I am looking at 30m chart, for stochastic to move below 50, and then for RSI to move below 50.

5 févr. 2020

Note

You can see the long red candle at the end of the day. On 30m chart, there were two bearish engulfing candles today. Stock bounced perfectly off 20 sma; it may move up again before heading lower.

5 févr. 2020

Note

Great example of indicators pointing out that a higher price move is "on fumes". Also if you look at hourly chart you will see low volume on the green up candles after the opening doji candle from yesterday.