TESLA Forming the new macro bottom. Get ready to rally near ATH.
Tesla / TSLA is trading inside the very same Channel Down pattern that led to the April 27th low.
Currently the stock is in the process of a similar bottom formation (dotted Channel Down), which besides April 27th was seen on January 6th.
Common feature on all those bottoms was that the 1day RSI was oversold under the 30.00 level.
Consequently we regard this level as the last best buy opportunity for this year on the long term.
The other two rose by +113.71% and +97.62% respectively.
Buy and aim for a new rally on the minimum repeat of +97.62%, at 385.00.
That is both a little under the Rising Resistance and the 415.00 All Time High.
Follow us, like the idea and leave a comment below!!
Currently the stock is in the process of a similar bottom formation (dotted Channel Down), which besides April 27th was seen on January 6th.
Common feature on all those bottoms was that the 1day RSI was oversold under the 30.00 level.
Consequently we regard this level as the last best buy opportunity for this year on the long term.
The other two rose by +113.71% and +97.62% respectively.
Buy and aim for a new rally on the minimum repeat of +97.62%, at 385.00.
That is both a little under the Rising Resistance and the 415.00 All Time High.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.