No clear direction for #Tesla. Will upcoming Q2 earnings provide the catalyst?
A look at the weekly Tesla chart where the price action has been moving sideways for some time creating a strong channel of price action which has been defined by the accumulation & distribution indicator. In doing so we now have the key levels that must be breached before a clear direction of the trend is established and any successful trend has to be accompanied by strong volume.
Finally, Q2 earnings are due on 20th July which may provide the catalyst for the breakaway from the current consolidation.
https://youtu.be/TpVA2otYFsY
By Anna Coulling
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