TESLA: Buy this dip at the bottom of the Channel Up.
Tesla is inside a Channel Up and right now is repeating the November 09 pull back.
This time it has the additional support of the former Lower Highs trendline and the formation of the 4h Golden Cross.
The technical upside is either the 1.786 Fibonacci extension or a +30.30% rise from the bottom, which is marginally under the 299.00 Resistance.
284.50 is the most realistic technical target early next month.
Follow, Like, Comment below!
This time it has the additional support of the former Lower Highs trendline and the formation of the 4h Golden Cross.
The technical upside is either the 1.786 Fibonacci extension or a +30.30% rise from the bottom, which is marginally under the 299.00 Resistance.
284.50 is the most realistic technical target early next month.
Follow, Like, Comment below!
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.