Too Early to Be BULLISH on Tesla?

06.17.24: Final Bar host David Keller, CMT breaks down an upside follow-through day for the S&P 500 and Nasdaq, and highlights the continued weakness in market breadth indicators. Dave identifies key levels to watch for GLD, FSLR, ENPH, TSLA, AVGO, and BIO. Focusing in on TSLA, Dave points out what we'd need to see to declare a clear bullish trend.
Dave's chart of cumulative advance-decline lines: schrts.co/WmaqcZun
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00:00 - Intro
00:35 - Market Recap
04:52 - S&P 500 Large Cap Index ($SPX)
10:23 - Gold - Continuous Contract (EOD) ($GOLD)
12:28 - First Solar (FSLR), Enphase Energy (ENPH)
14:38 - Tesla Inc. (TSLA), Broadcom (AVGO), Micron Technology (MU)
16:37 - Bio-Rad Laboratories (BIO)
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Dave's chart of cumulative advance-decline lines: schrts.co/WmaqcZun 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj

[@andrewweis5857]

Speaking of John Bollinger, put a Bollinger Bands overlay (20 day MA, 2 std. dev.) on a TSLA daily chart. If you can open a BB bandwidth window under the chart that is helpful. I think this could be an important moment for TSLA. The 21d exp MA has trended above the flattening 50d simple MA which is just beginning to turn up. The stock is so volatile it’s good to be early.

[@mikem2492]

Thank You Sir

[@Desh-tg2im]

Keep the cash and let run profitable run also keep eye on hairpin turn. Ready to sell. Thanks David

[@domtrabucco7612]

A shorter show is not a better show. What’s the rush -

[@ryanwongcy]

yup, tend to agree, seems a rush to close out the show. Bring back the previous format 🙂

[@jackd.]

For now... so I guess you'll let us know after the rug pull close when it's time to get worried? Thanks! Nothing better than finding out after the fact!

[@DKellerCMT]

Will do my best to follow the charts! D

[@tanleproe]

The S&P500 could reach 5,500 by end of June. Look out for the upcoming earnings season kickoff in the second half of July.

[@DKellerCMT]

Absolutely true! Earnings could be a big catalyst in about a month... D

[@sdcaeastcountyfamily]

I am bullish on Elon.

[@1309gsk]

it happens whenever i go tostock carts, it is attached woth eriv hovdi a republican cadnidate who is hated..........take care

[@StockChartsTV]

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