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.
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.