TSLA Bullish

TSLA

TSLA daily chart.

Price broke above the (green-descending) major fork and briefly consolidated after a retest of the U-MLH.

Following the retest and consolidation, price rallied on Friday to close the week.

I'm expecting price to continue higher: based on the pitchfork breakout, bullish Ichimoku Cloud set-up, and upcoming stock-split.

The next logical target for price is the trigger line of the (green) major descending fork.

I plotted a (purple) ascending minor fork from the lows to show a probable path towards the trigger-line.

The minor fork intersects the trigger line in the $1050-$1075 range.

I have also plotted a "Greedy Target" at $1150, using the price level of the "C" pivot of the major descending pitchfork.

The "C" pivot level would be the next logical target if price were to continue higher after reaching the trigger line.

While the "Greedy Target" is not my first choice, it is certainly a possibility if the upcoming stock split significantly boosts buying pressure.

I'm going to look for a long entry on Monday.

I'll stay long until my targets are reached; or close the trade early if price breaks below the L-MLH of the minor fork.

Fat_Fat

Note

I noticed this arc that has held price quite well. Let's see if it holds.

Note

Bought some TSLA this AM

Cousin_Fat_Fat

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