May. 27 at 5:45 PM
$TSLA I must say that a fairly strong bullish signal has emerged. As discussed before, going back a few years and studying the interaction between the 20 ema and the 200 sma and when the 20 has been below the 200 for an extended period and then finally rises above it almost always does so sharply. Not been the case here though as you can see. There's been a week long dance between the two. But now, the 20 appears to be moving upward and away. I'd say tomorrow will provide a confirmation with a rise to 458.25 or better.
Hmmm....yeah, I guess we'll see.
I guess I should mention that the last time there was a "dance" between the two, it did result in a drop in SP. However, in that case the 20 didn't get as high above the 200 as it has as of today.
