TSLA Major Trendline Test

TSLA has finally sustained some strength after a big rally following the last earnings report. Another big move today after Q2 deliveries were better than expected. It has a shorter term bull flag breakout, but now it is nearing a major trendline that dates back to ATH in 2021.

I think this has potential for great opportunity. It will reject hard here, or it'll breakout of a multi-year downtrend which could spark a massive rally. Will be watching this closely, going to focus on longer term expirations because this a longer term trend and I don't expect everything to play out right away.
Chart PatternsTrend Analysis

AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers

Short Thesis:
advancedplays.com/short-thesis.pdf

Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
Also on:

Related publications

Disclaimer