TSLA looking to break from downtrend

17 בנוב׳ 2023

TSLA has been on a downtrend channel since mid September 2023, when it formed the recent lower high. October saw a retest and reject forming another lower high. Currently, TSLA had a gap-up, then gap fill all with above average volume. This looks like accumulation of the stock my market makers and retailer. In the remainign trading days of November, TSLA should re-test the downtrend and potentially break-out from it, given the current volume profile