There was a time when LinkedIn (LNKD) and Tesla (TSLA) were joined at the hip and led the momentum crowd. Both stocks surged from January to September and then corrected from early October to mid November. This relationship appears to be changing as Tesla sank to new lows for the month and LinkedIn rebounded with a strong surge. Notice how Tesla broke down in early November, consolidated with a pennant and broke pennant support with a sharp decline the last three days. In contrast, LinkedIn formed a bullish engulfing last week and followed up with a surge above 230.
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