Looking S3XY Again - Consolidation with Bullish Pennant
Parallel channel and Fib extension says it all - first price target $547, second price target: $600.
Note
It is official that TSLA will be included into the S&P500 Index on Dec 21 of this year. Right now as I type, it is currently up over 13% after hours which brings the share price to $463. Continuation buying takes this easily to the 0.5 Fib extension of a tad under $500. We believe $500 this week a very conservative estimate. Cheers!Note
Great squeeze today above the $470 area. If the markets cooperate, we could retest $500 resistance!
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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.