Tesla - Breakout After Almost 4 Years!
Updated
Tesla (
TSLA) is finally breaking out of the triangle pattern:
Click chart above to see the detailed analysis👆🏻
After a 4 year consolidation, Tesla is finally attempting to break out of the long term bullish triangle pattern. The monthly candle still needs to close but everything is pointing towards a major move higher, with the first target being the previous all time high from 2022.
Levels to watch: $250, $370
Keep your long term vision,
Philip (BasicTrading)
TSLA) is finally breaking out of the triangle pattern:Click chart above to see the detailed analysis👆🏻
After a 4 year consolidation, Tesla is finally attempting to break out of the long term bullish triangle pattern. The monthly candle still needs to close but everything is pointing towards a major move higher, with the first target being the previous all time high from 2022.
Levels to watch: $250, $370
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Tesla (TSLA):
Click chart above to see the detailed analysis👆🏻
If Tesla actually manages to close above the resistance trendline and even better also above the horizontal structure, everything is ready for a major move higher. First target is a +50% move, back to the all time highs, then a breakout and then another parabolic rally.
Levels to watch: $250
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Tesla (TSLA):
Click chart above to see the detailed analysis👆🏻
As anticipated, Tesla finally managed to close above the triangle resistance with a strong move of +22% over the past month. The next target is the previous all time high, which is still about 60% higher. This just should not turn into any king of false bullish breakout now.
Levels to watch: $400
Keep your long term vision,
Philip (BasicTrading)
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