Tesla (
TSLA) is creating a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months we saw a rally of more than +100% on Tesla, perfectly following the bullish triangle breakout. Therefore it is quite anticipated that we will see a rejection at the previous all time high and a retest of the next support, creating a bullish break and retest.
Levels to watch: $400, $300
Keep your long term vision,
Philip (BasicTrading)
TSLA) is creating a textbook break and retest:Click chart above to see the detailed analysis👆🏻
Over the past couple of months we saw a rally of more than +100% on Tesla, perfectly following the bullish triangle breakout. Therefore it is quite anticipated that we will see a rejection at the previous all time high and a retest of the next support, creating a bullish break and retest.
Levels to watch: $400, $300
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Tesla (TSLA):Click chart above to see the detailed analysis👆🏻
With basically all tech stocks weakening over the past couple of days, also Tesla is starting to reject the previous all time high resistance. Now this does not mean that the overall uptrend is invalidated but every retest of the next lower support level is rather a strong buying opportunity.
Levels to watch: $400, $300
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Tesla (TSLA):Click chart above to see the detailed analysis👆🏻
We simply did not see any bearish price action in January and if a stock doesn't drop, we will inevitably see the push higher. Thus Tesla is about to break all resistance towards the upside and a monthly candle closure above the all time high would lead to another parabolic rally.
Levels to watch: $500
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.