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$TSLA โ Descending Channel Breakout as AI5 Chip Reveal Puts Stock in Focus
+7.8% move out of descending channel range on strong volume run rate (+86% now at 11.54AM ET), but the current first test of the declining 50-MA may face rejection for further consolidation as range has already exceeded +180% of its ATR. $TSLA is set to report earnings in a week (April 22 afterhours), which could act as another catalyst, especially if the call provides further clarity on the AI5 production timeline into 2027.
" $TSLA shares are in focus on Wednesday after Chief Executive Elon Musk said the company's AI chip design team had finished work on its AI5 autonomous-driving chip, a step that moves Tesla closer to production, according to a Wednesday post on X from Musk. " -@gurufocus
Q showing you only need the 10,20,50 MAs, nothing else.
it actually found support on the rising 50-day look at this thing this thing always finds support on the 50 day right here it just keeps surfing the 50-day these are the only technical indicators you need the 10-day the 20-day and the 50-day moving averages you do not need anything else and you don't even need to look at intraday charts this is all you need this is all you need to make millions this is all you need literally nothing else you don't even need to look at the intraday chart you don't need to look at stupid level two f*ck level two f*ck intraday charts it's all noise
"The second you think you are smarter than the 10 & 20 day MA, that's when you are doomed for mediocrity. Trust me. I talk from experience. "
-@Qullamaggie
@CFlanders7 Hi @CFlanders7 I hope you can with this.
1. After you enter a position risking 0.5% of account size, when do you add ? Do you add after every break or bounce at the ema support ?
2. How much do you continue to add until ? What will be the max account size ?