Pennant - could be a nice swing setup for a breakout play
The EV sector has cooled off a bit to reset RSI. A stellar earnings report and commensurate market reaction for TSLA this week could possibly fuel the drive up higher.
This name has been consolidating in a narrow range for the past month or so and per the chart, we can clearly see the pattern of a wedge as it is trading the bottom of the trend line. This could be a buying zone for a swing trade to test the upper trend line and as a bonus, if it breaks out, could attempt the 100% fib extension target at around $42. LONG
This name has been consolidating in a narrow range for the past month or so and per the chart, we can clearly see the pattern of a wedge as it is trading the bottom of the trend line. This could be a buying zone for a swing trade to test the upper trend line and as a bonus, if it breaks out, could attempt the 100% fib extension target at around $42. LONG
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