By Lawrence G. McMillan
A new setup has occurred in Tesla (TSLA) using the weekly McMillan Volatility Bands (MVB). TSLA closed back above its +3σ (three sigma) band, indicating a potential shift in momentum. A buy signal will officially be triggered if TSLA trades at $308.20 or higher.
Weekly MVB signals for TSLA have been rare but very timely. Only four have been issued since the stock was listed, and each has led to strong long-term gains (see the green arrow on the chart above).
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