Tesla - This Is Still Not Bearish!
Updated
Tesla (
TSLA) is stuck between structure:
Click chart above to see the detailed analysis👆🏻
Tesla continues to consolidate in the long term descending triangle pattern. Following previous price action, a bullish breakout is much more likely but Tesla is still trading below the trendline resistance. A potential bullish breakout will be followed by an incredible rally and new highs.
Levels to watch: $160, $230
Keep your long term vision,
Philip (BasicTrading)
TSLA) is stuck between structure:Click chart above to see the detailed analysis👆🏻
Tesla continues to consolidate in the long term descending triangle pattern. Following previous price action, a bullish breakout is much more likely but Tesla is still trading below the trendline resistance. A potential bullish breakout will be followed by an incredible rally and new highs.
Levels to watch: $160, $230
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Tesla (TSLA):
Click chart above to see the detailed analysis👆🏻
Seems like Tesla is perfectly following the previous analysis with a +10% move since publication. Although the resistance trendline is still valid, it is quite likely that Tesla will at least attempt another bullish breakout. If it is successful, we might see a rally like in 2020.
Levels to watch: $240
Keep your long term vision,
Philip (BasicTrading)
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